Mayflower Financial Advisors LLC Purchases Shares of 16,213 TotalEnergies SE Sponsored ADR $TTE

Mayflower Financial Advisors LLC purchased a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 16,213 shares of the company’s stock, valued at approximately $1,511,000.

A number of other institutional investors have also made changes to their positions in the business. AQR Capital Management LLC lifted its holdings in shares of TotalEnergies by 151.0% during the first quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock worth $4,364,000 after buying an additional 40,586 shares during the last quarter. Empowered Funds LLC boosted its position in shares of TotalEnergies by 2.1% in the first quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock valued at $2,652,000 after acquiring an additional 835 shares during the period. Sivia Capital Partners LLC grew its stake in shares of TotalEnergies by 17.7% in the second quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock worth $315,000 after acquiring an additional 774 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of TotalEnergies by 14.9% in the second quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock worth $1,490,000 after acquiring an additional 3,151 shares during the last quarter. Finally, Invesco Ltd. increased its position in TotalEnergies by 7.3% during the second quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock worth $12,168,000 after acquiring an additional 13,536 shares during the period. 16.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TTE has been the subject of several research analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Scotiabank upped their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Ten 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’s stock. Based on data from MarketBeat.com, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $77.70 on Tuesday. The firm has a market capitalization of $186.31 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 2.60 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The business has a fifty day simple moving average of $87.89 and a 200 day simple moving average of $80.31. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41.

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