Evelyn Partners Investment Management LLP Boosts Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Evelyn Partners Investment Management LLP lifted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 2,437.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 340,877 shares of the company’s stock after acquiring an additional 327,445 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in TotalEnergies were worth $22,258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Bollard Group LLC increased its position in shares of TotalEnergies by 354.0% during the fourth quarter. Bollard Group LLC now owns 4,540 shares of the company’s stock worth $296,000 after acquiring an additional 3,540 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in shares of TotalEnergies during the fourth quarter worth $43,000. Kestra Advisory Services LLC increased its position in shares of TotalEnergies by 4.1% during the fourth quarter. Kestra Advisory Services LLC now owns 23,798 shares of the company’s stock worth $1,557,000 after acquiring an additional 940 shares during the period. Transamerica Financial Advisors LLC increased its position in shares of TotalEnergies by 7.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 6,041 shares of the company’s stock worth $397,000 after acquiring an additional 428 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of TotalEnergies during the fourth quarter worth $144,007,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TTE. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Piper Sandler upped their price objective on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Finally, JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Stock Performance

NYSE:TTE opened at $88.08 on Friday. The firm has a market capitalization of $211.19 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 2.99 and a beta of 0.12. The business’s fifty day moving average price is $90.26 and its 200 day moving average price is $79.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. On average, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current fiscal year.

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.