TotalEnergies SE Sponsored ADR $TTE Shares Purchased by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. grew its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 38.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 71,619 shares of the company’s stock after buying an additional 19,840 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in TotalEnergies were worth $6,509,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Earned Wealth Advisors LLC raised its position in TotalEnergies by 19.1% in the first quarter. Earned Wealth Advisors LLC now owns 6,539 shares of the company’s stock worth $595,000 after acquiring an additional 1,049 shares in the last quarter. Lowe Brockenbrough & Co. Inc. lifted its holdings in TotalEnergies by 0.8% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 74,272 shares of the company’s stock valued at $6,757,000 after acquiring an additional 556 shares during the period. Parallel Advisors LLC boosted its position in shares of TotalEnergies by 11.7% during the 1st quarter. Parallel Advisors LLC now owns 8,356 shares of the company’s stock worth $760,000 after purchasing an additional 876 shares in the last quarter. Decker Wealth Management LLC acquired a new position in shares of TotalEnergies during the 1st quarter worth $612,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of TotalEnergies during the 1st quarter worth $1,103,799,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on TTE shares. Scotiabank raised their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. CICC Research assumed coverage on shares of TotalEnergies in a research report on Tuesday, June 23rd. They set an “outperform” rating on the stock. Zacks Research cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Finally, Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

TotalEnergies Stock Down 0.4%

TTE stock opened at $81.04 on Tuesday. The stock has a market capitalization of $194.31 billion, a P/E ratio of 12.01, a PEG ratio of 2.90 and a beta of 0.14. 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 SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The company has a 50 day moving average price of $84.51 and a two-hundred day moving average price of $81.70.

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

About TotalEnergies

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.