Evelyn Partners Investment Management Services Ltd Has $2.30 Million Stock Position in TotalEnergies SE Sponsored ADR $TTE

Evelyn Partners Investment Management Services Ltd boosted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 38.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,581 shares of the company’s stock after acquiring an additional 6,886 shares during the period. Evelyn Partners Investment Management Services Ltd’s holdings in TotalEnergies were worth $2,298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TTE. AQR Capital Management LLC boosted its stake in shares of TotalEnergies by 151.0% in the 1st quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock valued at $4,364,000 after purchasing an additional 40,586 shares during the last quarter. Empowered Funds LLC raised its stake in TotalEnergies by 2.1% during the first quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock worth $2,652,000 after buying an additional 835 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in TotalEnergies by 17.7% in the second quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock valued at $315,000 after buying an additional 774 shares during the period. Russell Investments Group Ltd. boosted its position in TotalEnergies by 14.9% during the second quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock valued at $1,490,000 after acquiring an additional 3,151 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in TotalEnergies by 7.3% during the 2nd quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock worth $12,168,000 after acquiring an additional 13,536 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TTE shares. Piper Sandler reissued a “neutral” rating and issued a $85.00 price objective on shares of TotalEnergies in a research report on Thursday, July 23rd. CICC Research assumed coverage on TotalEnergies in a research note on Tuesday, June 23rd. They set an “outperform” rating for the company. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Scotiabank boosted their price target on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, TD Cowen increased their price target on TotalEnergies from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Friday. Eleven 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, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus price target of $87.14.

TotalEnergies Stock Performance

Shares of TTE opened at $84.28 on Tuesday. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The company has a market cap of $202.06 billion, a PE ratio of 10.55, a P/E/G ratio of 3.09 and a beta of 0.14. The stock has a 50-day moving average of $83.83 and a 200-day moving average of $82.39. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%.The business had revenue of $57.10 billion for the quarter. On average, equities research analysts predict that TotalEnergies SE Sponsored ADR will post 10.57 EPS 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.