Frank Rimerman Advisors LLC Purchases Shares of 11,773 TotalEnergies SE Sponsored ADR $TTE

Frank Rimerman Advisors LLC acquired a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 11,773 shares of the company’s stock, valued at approximately $1,071,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. YANKCOM Partnership raised its holdings in shares of TotalEnergies by 146.8% in the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after purchasing an additional 232 shares during the period. MH & Associates Securities Management Corp ADV acquired a new stake in TotalEnergies in the 4th quarter valued at about $29,000. Lodestone Wealth Management LLC acquired a new stake in TotalEnergies in the 4th quarter valued at about $32,000. Elyxium Wealth LLC bought a new position in TotalEnergies during the fourth quarter worth about $33,000. Finally, SHP Wealth Management bought a new position in TotalEnergies during the fourth quarter worth about $37,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Down 0.8%

Shares of NYSE:TTE opened at $78.25 on Friday. The business’s 50 day simple moving average is $86.00 and its 200 day simple moving average is $80.98. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The company has a market capitalization of $187.61 billion, a P/E ratio of 11.59, a P/E/G ratio of 2.72 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. On average, research analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on TTE shares. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Piper Sandler lifted their target price on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Scotiabank boosted their target price on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Finally, Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.33.

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.