67,144 Shares in TotalEnergies SE Sponsored ADR $TTE Bought by Evelyn Partners Investment Management Europe Ltd

Evelyn Partners Investment Management Europe Ltd bought a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 67,144 shares of the company’s stock, valued at approximately $4,384,000. TotalEnergies accounts for about 1.4% of Evelyn Partners Investment Management Europe Ltd’s portfolio, making the stock its 19th largest holding.

Several other large investors have also added to or reduced their stakes in TTE. Aberdeen Group plc raised its position in TotalEnergies by 14.5% during the fourth quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock worth $25,124,000 after acquiring an additional 48,640 shares in the last quarter. ABN AMRO Bank N.V. bought a new stake in TotalEnergies during the fourth quarter worth $122,831,000. Assetmark Inc. raised its position in TotalEnergies by 8.1% during the fourth quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock worth $16,124,000 after acquiring an additional 18,480 shares in the last quarter. Vanguard Group Inc. bought a new stake in TotalEnergies during the fourth quarter worth $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in TotalEnergies during the fourth quarter worth $830,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TTE shares. JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Wall Street Zen lowered shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Finally, Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Price Performance

Shares of TTE opened at $88.08 on Friday. The firm has a market capitalization of $211.19 billion, a PE ratio of 13.05, a PEG ratio of 2.99 and a beta of 0.12. The company’s 50-day moving average is $90.26 and its 200-day moving average is $79.07. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data 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%. Equities analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 EPS 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.