Decker Wealth Management LLC Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Decker Wealth Management LLC acquired a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTEFree Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,730 shares of the company’s stock, valued at approximately $612,000.

Several other large investors also recently modified their holdings of TTE. Vanguard Group Inc. acquired a new stake in shares of TotalEnergies during the 4th quarter worth about $5,337,330,000. Capital International Investors boosted its holdings in shares of TotalEnergies by 1,438.5% during the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after buying an additional 49,245,192 shares during the period. Massachusetts Financial Services Co. MA grew its stake in TotalEnergies by 21,398.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after buying an additional 40,192,677 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new position in TotalEnergies in the 4th quarter valued at about $1,982,676,000. Finally, Norges Bank bought a new position in TotalEnergies in the 4th quarter valued at about $1,917,626,000. 16.53% of the stock is owned by institutional investors.

TotalEnergies Trading Down 0.0%

TTE stock opened at $81.37 on Monday. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The company has a market capitalization of $195.11 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 2.90 and a beta of 0.14. The company’s 50-day simple moving average is $84.71 and its 200 day simple moving average is $81.59. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08.

TotalEnergies (NYSE:TTEGet Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The business had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. As a group, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.56 earnings per share for the current year.

Key Stories Impacting TotalEnergies

Here are the key news stories impacting TotalEnergies this week:

Analyst Ratings Changes

Several brokerages have issued reports on TTE. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. TD Cowen reissued a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Finally, Wall Street Zen cut TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Ten 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.33.

Check Out Our Latest Report on TTE

About TotalEnergies

(Free Report)

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.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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