Walter Public Investments Inc. Purchases New Shares in TotalEnergies SE Sponsored ADR $TTE

Walter Public Investments Inc. purchased a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the first quarter, Holdings Channel.com reports. The firm purchased 99,812 shares of the company’s stock, valued at approximately $9,330,000. TotalEnergies accounts for approximately 2.2% of Walter Public Investments Inc.’s portfolio, making the stock its 22nd largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. YANKCOM Partnership lifted its stake in TotalEnergies by 146.8% during the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after buying an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV purchased a new position in shares of TotalEnergies in the fourth quarter worth approximately $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of TotalEnergies during the fourth quarter valued at approximately $32,000. Elyxium Wealth LLC acquired a new stake in shares of TotalEnergies during the fourth quarter valued at approximately $33,000. Finally, SHP Wealth Management purchased a new stake in shares of TotalEnergies in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Price Performance

NYSE TTE opened at $76.73 on Friday. The company has a 50 day simple moving average of $86.97 and a 200-day simple moving average of $80.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The firm has a market capitalization of $183.99 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 2.57 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The business had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. Equities research analysts predict that TotalEnergies SE Sponsored ADR will post 11.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TTE shares. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Wall Street Zen downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. CICC Research assumed coverage on TotalEnergies in a research report on Tuesday, June 23rd. They issued an “outperform” rating for the company. Finally, TD Cowen reiterated 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.33.

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.