Keybank National Association OH Grows Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Keybank National Association OH lifted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 53.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,368 shares of the company’s stock after purchasing an additional 6,771 shares during the period. Keybank National Association OH’s holdings in TotalEnergies were worth $1,762,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Aberdeen Group plc grew its holdings in shares of TotalEnergies by 14.5% in the fourth quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock valued at $25,124,000 after purchasing an additional 48,640 shares during the period. ABN AMRO Bank N.V. purchased a new position in TotalEnergies in the fourth quarter worth approximately $122,831,000. Assetmark Inc. grew its position in TotalEnergies by 8.1% in the fourth quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock worth $16,124,000 after acquiring an additional 18,480 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in TotalEnergies during the fourth quarter worth $830,000. Finally, Vanguard Group Inc. acquired a new stake in TotalEnergies during the fourth quarter worth $5,337,330,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 2.2%

NYSE TTE traded up $1.65 during trading on Tuesday, hitting $77.96. The stock had a trading volume of 142,913 shares, compared to its average volume of 1,775,354. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $186.92 billion, a PE ratio of 11.55, a PEG ratio of 2.57 and a beta of 0.14. The firm has a 50 day moving average price of $86.69 and a 200 day moving average price of $80.70. TotalEnergies SE Sponsored ADR has a twelve month low of $57.39 and a twelve month high of $94.17.

TotalEnergies (NYSE:TTE) last issued 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 net margin of 7.43% and a return on equity of 14.01%. The business had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. As a group, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 11.23 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on TTE shares. Wall Street Zen lowered TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Piper Sandler increased their price objective on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Finally, Zacks Research lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Ten investment 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.33.

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.