Saranac Partners Ltd Invests $1.35 Million in TotalEnergies SE Sponsored ADR $TTE

Saranac Partners Ltd purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, Holdings Channel.com reports. The firm purchased 20,620 shares of the company’s stock, valued at approximately $1,349,000.

Other hedge funds have also recently added to or reduced their stakes in the company. YANKCOM Partnership boosted its stake in 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 during the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in shares of TotalEnergies in the third quarter valued at about $29,000. MH & Associates Securities Management Corp ADV acquired a new stake in shares of TotalEnergies in the fourth quarter valued at about $29,000. Lodestone Wealth Management LLC purchased a new position in shares of TotalEnergies in the fourth quarter worth about $32,000. Finally, Elyxium Wealth LLC acquired a new position in TotalEnergies during the fourth quarter worth about $33,000. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Freedom Capital cut TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 13th. Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Finally, Piper Sandler lifted their price objective on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Price Performance

TotalEnergies stock opened at $92.97 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $89.27 and a 200 day moving average price of $75.86. TotalEnergies SE Sponsored ADR has a 12-month low of $57.26 and a 12-month high of $94.17. The stock has a market cap of $222.92 billion, a P/E ratio of 13.77, a PEG ratio of 3.32 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last posted its earnings results 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 company had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. Sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.59 earnings per share for the current year.

TotalEnergies 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.