TotalEnergies SE Sponsored ADR $TTE Shares Acquired by Evelyn Partners Investment Management LLP

Evelyn Partners Investment Management LLP boosted its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 2,437.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 340,877 shares of the company’s stock after acquiring an additional 327,445 shares during the period. Evelyn Partners Investment Management LLP’s holdings in TotalEnergies were worth $22,258,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TTE. AQR Capital Management LLC lifted its holdings in TotalEnergies by 151.0% in the first quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock valued at $4,364,000 after acquiring an additional 40,586 shares during the last quarter. Empowered Funds LLC lifted its holdings in 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 last quarter. Sivia Capital Partners LLC lifted its holdings in TotalEnergies by 17.7% in the second quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock valued at $315,000 after acquiring an additional 774 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in TotalEnergies by 14.9% in the second quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock valued at $1,490,000 after acquiring an additional 3,151 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in TotalEnergies by 7.3% in the second quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock valued at $12,168,000 after acquiring an additional 13,536 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Up 0.4%

NYSE:TTE opened at $88.08 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The stock’s fifty day moving average is $90.26 and its two-hundred day moving average is $79.07. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The stock has a market capitalization of $211.19 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 2.99 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The company had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. Research analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TTE shares. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Piper Sandler upped their price objective on TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Finally, Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.33.

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.