61,100 TotalEnergies SE Sponsored ADR $TTE Shares Acquired by Walter Public Investments Inc.

Walter Public Investments Inc. raised its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 262.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,400 shares of the company’s stock after buying an additional 61,100 shares during the period. TotalEnergies comprises approximately 1.7% of Walter Public Investments Inc.’s investment portfolio, making the stock its 25th biggest position. Walter Public Investments Inc.’s holdings in TotalEnergies were worth $7,238,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TTE. First Command Advisory Services Inc. lifted its stake in shares of TotalEnergies by 293.3% during the 3rd quarter. First Command Advisory Services Inc. now owns 2,458 shares of the company’s stock worth $214,000 after acquiring an additional 1,833 shares during the last quarter. Silver Grove Financial Group Inc. boosted its holdings in TotalEnergies by 14.5% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 915 shares of the company’s stock valued at $78,000 after acquiring an additional 116 shares during the period. Bahl & Gaynor LLC purchased a new position in TotalEnergies during the 3rd quarter valued at $431,000. Lido Advisors LLC grew its position in TotalEnergies by 14.5% in the 3rd quarter. Lido Advisors LLC now owns 13,277 shares of the company’s stock valued at $1,135,000 after acquiring an additional 1,680 shares during the last quarter. Finally, DMKC Advisory Services LLC grew its position in TotalEnergies by 3.1% in the 3rd quarter. DMKC Advisory Services LLC now owns 45,831 shares of the company’s stock valued at $3,919,000 after acquiring an additional 1,365 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TTE shares. Freedom Broker upgraded TotalEnergies from a “sell” rating to a “hold” rating in a research report on Tuesday, November 3rd. Zacks Research upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Weiss Ratings upgraded shares of TotalEnergies from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday, November 4th. Mizuho set a $108.00 price target on shares of TotalEnergies in a research note on Friday, October 16th. Finally, Morgan Stanley lowered shares of TotalEnergies from an “overweight” rating to an “equal weight” rating and set a $90.00 price objective for the company. in a report on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

TotalEnergies Stock Performance

TTE stock opened at $87.88 on Thursday. TotalEnergies SE Sponsored ADR has a 1-year low of $62.15 and a 1-year high of $95.78. The business has a 50-day moving average price of $89.74 and a 200 day moving average price of $85.96. The company has a market capitalization of $210.72 billion, a P/E ratio of 8.78 and a beta of 0.14. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.11 and a quick ratio of 0.89.

TotalEnergies (NYSE:TTE) last issued its earnings results on Friday, October 30th. The company reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.84 by $0.19. The company had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $55.39 billion. TotalEnergies had a net margin of 9.61% and a return on equity of 19.08%. As a group, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 12.95 EPS for the current fiscal year.

About TotalEnergies

TotalEnergies SE is a France-based integrated energy company with operations spanning the oil and natural gas value chain. Its activities include exploring for and producing hydrocarbons, processing and refining them, and supplying energy products to customers. The company also markets natural gas, including liquefied natural gas, and operates in electricity generation and renewable energy. Its portfolio includes solar and wind power, as well as energy storage and related services. Founded in 1924 as Compagnie française des pétroles, the company has expanded and evolved through acquisitions and business changes.