TD Asset Management Inc Increases Stock Position in TotalEnergies SE Sponsored ADR $TTE

TD Asset Management Inc boosted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 505.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,368,440 shares of the company’s stock after buying an additional 1,142,455 shares during the quarter. TD Asset Management Inc owned 0.06% of TotalEnergies worth $89,325,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. YANKCOM Partnership boosted its stake in TotalEnergies by 146.8% during the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after buying an additional 232 shares during the period. MH & Associates Securities Management Corp ADV purchased a new position in TotalEnergies during the fourth quarter worth about $29,000. Lodestone Wealth Management LLC purchased a new position in TotalEnergies during the fourth quarter worth about $32,000. Elyxium Wealth LLC purchased a new position in TotalEnergies during the fourth quarter worth about $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in TotalEnergies during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Scotiabank increased their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Citigroup reissued a “buy” rating on shares of TotalEnergies in a research report on Thursday, February 12th. Finally, BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $84.33.

TotalEnergies Stock Up 0.5%

Shares of TTE opened at $90.05 on Friday. The stock has a market capitalization of $215.91 billion, a PE ratio of 13.34, a P/E/G ratio of 3.18 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The company’s 50-day simple moving average is $90.48 and its 200-day simple moving average is $78.16.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.23. The business had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. Analysts forecast that TotalEnergies SE Sponsored ADR will post 10.58 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.