Townsend & Associates Inc Buys 7,964 Shares of TotalEnergies SE Sponsored ADR $TTE

Townsend & Associates Inc lifted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 2.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 312,266 shares of the company’s stock after purchasing an additional 7,964 shares during the period. TotalEnergies accounts for 1.8% of Townsend & Associates Inc’s holdings, making the stock its 18th biggest position. Townsend & Associates Inc’s holdings in TotalEnergies were worth $19,232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in TTE. Baird Financial Group Inc. increased its holdings in TotalEnergies by 46.8% during the first quarter. Baird Financial Group Inc. now owns 82,636 shares of the company’s stock worth $5,346,000 after buying an additional 26,336 shares during the last quarter. MAI Capital Management grew its position in shares of TotalEnergies by 20.2% in the 1st quarter. MAI Capital Management now owns 5,580 shares of the company’s stock valued at $361,000 after acquiring an additional 939 shares during the period. Focus Partners Advisor Solutions LLC acquired a new position in shares of TotalEnergies during the 1st quarter worth about $208,000. Advisors Asset Management Inc. raised its holdings in shares of TotalEnergies by 1.1% in the 1st quarter. Advisors Asset Management Inc. now owns 64,294 shares of the company’s stock valued at $4,159,000 after purchasing an additional 713 shares during the period. Finally, AQR Capital Management LLC lifted its stake in TotalEnergies by 151.0% in the 1st quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock valued at $4,364,000 after purchasing an additional 40,586 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. HSBC downgraded TotalEnergies from a “buy” rating to a “hold” rating in a research report on Monday, December 1st. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. Berenberg Bank lowered TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a report on Thursday, September 25th. Scotiabank raised their price target on TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Finally, BNP Paribas Exane reaffirmed a “neutral” rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $66.96.

TotalEnergies Stock Performance

NYSE:TTE opened at $66.55 on Friday. The stock has a 50 day simple moving average of $64.56 and a 200 day simple moving average of $62.50. The stock has a market cap of $159.55 billion, a P/E ratio of 10.75, a PEG ratio of 3.68 and a beta of 0.22. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $66.92. The company has a current ratio of 1.01, a quick ratio of 0.82 and a debt-to-equity ratio of 0.42.

TotalEnergies (NYSE:TTE) last posted its earnings results on Monday, November 3rd. The company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.04). TotalEnergies had a return on equity of 13.54% and a net margin of 6.98%.The firm had revenue of $87.69 billion for the quarter, compared to analyst estimates of $43.66 billion. Research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 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.