Princeton Global Asset Management LLC Invests $3.58 Million in TotalEnergies SE Sponsored ADR $TTE

Princeton Global Asset Management LLC bought a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 39,206 shares of the company’s stock, valued at approximately $3,575,000.

Other institutional investors have also made changes to their positions in the company. YANKCOM Partnership raised its stake in shares of TotalEnergies by 146.8% in the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after acquiring an additional 232 shares during the last quarter. MH & Associates Securities Management Corp ADV acquired a new position in shares of TotalEnergies during the fourth quarter worth approximately $29,000. Lodestone Wealth Management LLC bought a new stake in shares of TotalEnergies during the fourth quarter valued at approximately $32,000. Elyxium Wealth LLC bought a new stake in shares of TotalEnergies during the fourth quarter valued at approximately $33,000. Finally, SHP Wealth Management acquired a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $37,000. 16.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TTE shares. CICC Research started coverage on shares of TotalEnergies in a research report on Tuesday, June 23rd. They issued an “outperform” rating for the company. JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Finally, Wall Street Zen upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Price Performance

TTE opened at $76.76 on Monday. The company has a fifty day moving average price of $88.15 and a two-hundred day moving average price of $80.22. The firm has a market capitalization of $184.05 billion, a PE ratio of 11.37, a P/E/G ratio of 2.60 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results 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. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The business had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. As a group, analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

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.