SG Trading Solutions LLC Purchases New Holdings in TotalEnergies SE Sponsored ADR $TTE

SG Trading Solutions LLC bought a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,590 shares of the company’s stock, valued at approximately $497,000.

A number of other hedge funds also recently modified their holdings of TTE. YANKCOM Partnership grew its stake in TotalEnergies by 146.8% during the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after buying an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV acquired a new position in shares of TotalEnergies in the 4th quarter valued at approximately $29,000. Lodestone Wealth Management LLC acquired a new position in shares of TotalEnergies in the 4th quarter valued at approximately $32,000. Elyxium Wealth LLC acquired a new position in TotalEnergies during the fourth quarter valued at approximately $33,000. Finally, Colonial Trust Advisors boosted its holdings in shares of TotalEnergies by 212.6% in the 3rd quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock valued at $37,000 after purchasing an additional 421 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Up 0.1%

Shares of TTE stock opened at $80.47 on Friday. TotalEnergies SE Sponsored ADR has a 1-year low of $57.39 and a 1-year high of $94.17. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The stock has a market cap of $192.95 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 2.73 and a beta of 0.12. The stock has a 50-day moving average of $89.34 and a 200-day moving average of $79.66.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results 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. The firm had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. On average, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TTE. Wall Street Zen upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research report on Saturday. Scotiabank lifted their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. TD Cowen restated a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Finally, BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, TotalEnergies presently has an average rating of “Hold” and an average 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.