TotalEnergies SE Sponsored ADR $TTE Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC raised its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 16.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,612 shares of the company’s stock after buying an additional 13,844 shares during the period. TD Private Client Wealth LLC’s holdings in TotalEnergies were worth $5,707,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TTE. Bank of America Corp DE increased its position in shares of TotalEnergies by 10.0% in the 2nd quarter. Bank of America Corp DE now owns 9,802,968 shares of the company’s stock worth $601,804,000 after purchasing an additional 888,574 shares during the last quarter. Franklin Resources Inc. raised its position in shares of TotalEnergies by 0.9% during the 2nd quarter. Franklin Resources Inc. now owns 5,884,442 shares of the company’s stock valued at $361,246,000 after acquiring an additional 53,307 shares in the last quarter. Federated Hermes Inc. lifted its stake in TotalEnergies by 0.8% during the second quarter. Federated Hermes Inc. now owns 3,582,127 shares of the company’s stock worth $219,907,000 after purchasing an additional 30,102 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in TotalEnergies by 2.7% in the second quarter. JPMorgan Chase & Co. now owns 2,250,845 shares of the company’s stock worth $138,179,000 after purchasing an additional 58,236 shares during the period. Finally, Equity Investment Corp boosted its holdings in TotalEnergies by 2.8% in the second quarter. Equity Investment Corp now owns 2,211,631 shares of the company’s stock worth $135,772,000 after purchasing an additional 60,489 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Up 1.1%

TTE opened at $64.65 on Tuesday. The stock’s 50 day moving average price is $64.81 and its 200 day moving average price is $62.60. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.01 and a quick ratio of 0.82. The stock has a market cap of $155.01 billion, a P/E ratio of 10.44, a P/E/G ratio of 3.62 and a beta of 0.22. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $66.92.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Monday, November 3rd. The company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.04). The company had revenue of $87.69 billion during the quarter, compared to analyst estimates of $43.66 billion. TotalEnergies had a return on equity of 13.54% and a net margin of 6.98%. As a group, research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

Wall Street Analyst Weigh In

TTE has been the topic of a number of recent research reports. Hsbc Global Res downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Weiss Ratings reissued a “hold (c)” rating on shares of TotalEnergies in a report on Wednesday, October 8th. HSBC lowered TotalEnergies from a “buy” rating to a “hold” rating in a report on Monday, December 1st. Royal Bank Of Canada reissued an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. Finally, Scotiabank upped their price objective on TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $67.16.

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.