TotalEnergies SE Sponsored ADR $TTE Stake Boosted by Evelyn Partners Investment Management LLP

Evelyn Partners Investment Management LLP boosted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 2.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 350,023 shares of the company’s stock after buying an additional 9,146 shares during the period. TotalEnergies comprises 0.9% of Evelyn Partners Investment Management LLP’s investment portfolio, making the stock its 29th largest holding. Evelyn Partners Investment Management LLP’s holdings in TotalEnergies were worth $32,719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TTE. Evelyn Partners Investment Management Services Ltd boosted its holdings in shares of TotalEnergies by 38.9% in the first quarter. Evelyn Partners Investment Management Services Ltd now owns 24,581 shares of the company’s stock worth $2,298,000 after buying an additional 6,886 shares during the period. Quantinno Capital Management LP raised its holdings in shares of TotalEnergies by 20.2% during the first quarter. Quantinno Capital Management LP now owns 297,798 shares of the company’s stock valued at $27,196,000 after acquiring an additional 50,040 shares during the period. Lazard Asset Management LLC lifted its position in shares of TotalEnergies by 30.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,659,978 shares of the company’s stock valued at $248,722,000 after acquiring an additional 616,387 shares in the last quarter. Family Manage LLC lifted its position in shares of TotalEnergies by 16.6% in the 1st quarter. Family Manage LLC now owns 4,019 shares of the company’s stock valued at $375,000 after acquiring an additional 573 shares in the last quarter. Finally, Gateway Wealth Partners LLC purchased a new stake in shares of TotalEnergies in the 1st quarter valued at approximately $296,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

TTE stock opened at $84.28 on Tuesday. The firm has a 50 day simple moving average of $83.83 and a 200 day simple moving average of $82.39. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The stock has a market cap of $202.06 billion, a P/E ratio of 10.55, a P/E/G ratio of 3.09 and a beta of 0.14. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The firm had revenue of $57.10 billion for the quarter. Research analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on TTE. Scotiabank lifted their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Piper Sandler restated a “neutral” rating and issued a $85.00 target price on shares of TotalEnergies in a report on Thursday, July 23rd. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Weiss Ratings upgraded TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday. Finally, TD Cowen upped their price target on TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research report on Friday. Eleven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.14.

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.