TotalEnergies SE Sponsored ADR $TTE Shares Purchased by TD Asset Management Inc

TD Asset Management Inc boosted its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 505.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,368,440 shares of the company’s stock after acquiring an additional 1,142,455 shares during the quarter. TD Asset Management Inc’s holdings in TotalEnergies were worth $89,325,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. YANKCOM Partnership raised its holdings in TotalEnergies by 146.8% in the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after acquiring an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV acquired a new stake in TotalEnergies in the fourth quarter valued at approximately $29,000. Lodestone Wealth Management LLC acquired a new stake in TotalEnergies in the fourth quarter valued at approximately $32,000. Elyxium Wealth LLC acquired a new stake in TotalEnergies in the fourth quarter valued at approximately $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in TotalEnergies in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Up 0.5%

TTE stock opened at $90.05 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. TotalEnergies SE Sponsored ADR has a twelve month low of $57.39 and a twelve month high of $94.17. The company’s 50 day moving average is $90.48 and its two-hundred day moving average is $78.16. The stock has a market cap of $215.91 billion, a P/E ratio of 13.34, a PEG ratio of 3.18 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The company had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. Research analysts expect that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TTE shares. Zacks Research cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Citigroup reissued a “buy” rating on shares of TotalEnergies in a report on Thursday, February 12th. Scotiabank raised their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Finally, TD Cowen reissued a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

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.