First Interstate Bank Buys Shares of 7,000 TotalEnergies SE Sponsored ADR $TTE

First Interstate Bank bought a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,000 shares of the company’s stock, valued at approximately $637,000.

A number of other large investors have also made changes to their positions in the company. Sageworth Trust Co purchased a new stake in shares of TotalEnergies during the 1st quarter valued at about $1,532,000. Sageworth Trust Co of South Dakota purchased a new position in shares of TotalEnergies in the first quarter worth approximately $281,000. Frank Rimerman Advisors LLC purchased a new position in shares of TotalEnergies in the first quarter worth approximately $1,071,000. Flatrock Wealth Partners LLC bought a new stake in TotalEnergies during the first quarter valued at approximately $235,000. Finally, Kiley Juergens Wealth Management LLC bought a new stake in TotalEnergies during the first quarter valued at approximately $219,000. 16.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TTE shares. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Piper Sandler boosted their price objective on shares of TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Wall Street Zen lowered TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $79.00 on Thursday. The stock has a market cap of $189.40 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 2.68 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. The firm has a fifty day moving average price of $86.25 and a 200-day moving average price of $80.89. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The company had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. Equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.94 earnings per share for the current fiscal year.

TotalEnergies Company Profile

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.