LFG Wealth Partners LLC Buys New Shares in TotalEnergies SE Sponsored ADR $TTE

LFG Wealth Partners LLC bought a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 44,344 shares of the company’s stock, valued at approximately $2,901,000. TotalEnergies comprises about 1.8% of LFG Wealth Partners LLC’s investment portfolio, making the stock its 16th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in TTE. YANKCOM Partnership increased its stake in TotalEnergies by 146.8% in the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after purchasing an additional 232 shares during the last quarter. MH & Associates Securities Management Corp ADV acquired a new position in TotalEnergies in the fourth quarter valued at $29,000. Lodestone Wealth Management LLC acquired a new position in TotalEnergies in the fourth quarter valued at $32,000. Elyxium Wealth LLC acquired a new position in TotalEnergies in the fourth quarter valued at $33,000. Finally, Colonial Trust Advisors increased its stake in TotalEnergies by 212.6% in the third quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock valued at $37,000 after purchasing an additional 421 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on TTE. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Piper Sandler upped their price target on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Zacks Research lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $84.33.

TotalEnergies Stock Performance

Shares of NYSE:TTE opened at $84.23 on Tuesday. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The business has a 50-day moving average of $90.09 and a two-hundred day moving average of $79.31. 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 $201.95 billion, a PE ratio of 12.48, a P/E/G ratio of 2.99 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating 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%. As a group, research analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

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.