Baader Bank Aktiengesellschaft Increases Holdings in TotalEnergies SE Sponsored ADR $TTE

Baader Bank Aktiengesellschaft boosted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 29.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,999 shares of the company’s stock after acquiring an additional 64,353 shares during the quarter. TotalEnergies accounts for 2.1% of Baader Bank Aktiengesellschaft’s portfolio, making the stock its 9th largest position. Baader Bank Aktiengesellschaft’s holdings in TotalEnergies were worth $26,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. YANKCOM Partnership increased its position in shares of TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after purchasing an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV bought a new position in TotalEnergies during the 4th quarter valued at about $29,000. Lodestone Wealth Management LLC acquired a new position in TotalEnergies in the fourth quarter valued at about $32,000. Elyxium Wealth LLC acquired a new position in TotalEnergies in the fourth quarter valued at about $33,000. Finally, SHP Wealth Management acquired a new position in TotalEnergies in the fourth quarter valued at about $37,000. 16.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TTE shares. Wall Street Zen lowered shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Mizuho initiated coverage on TotalEnergies in a research report on Monday. They set an “outperform” rating and a $103.00 price target on the stock. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Finally, TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Eleven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $87.00.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $81.04 on Tuesday. 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 firm has a market cap of $194.31 billion, a P/E ratio of 12.01, a P/E/G ratio of 2.90 and a beta of 0.14. The firm has a 50 day simple moving average of $84.51 and a 200 day simple moving average of $81.70. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17.

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. The firm had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 10.56 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.