44,344 Shares in TotalEnergies SE Sponsored ADR $TTE Acquired by LFG Wealth Partners LLC

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. YANKCOM Partnership grew its stake in shares of TotalEnergies by 146.8% in the 4th 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 purchased a new position in shares of TotalEnergies in the 4th quarter valued at approximately $29,000. Lodestone Wealth Management LLC purchased a new position in shares of TotalEnergies in the 4th quarter valued at approximately $32,000. Elyxium Wealth LLC purchased a new position in shares of TotalEnergies in the 4th quarter valued at approximately $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of TotalEnergies in the 4th quarter valued at approximately $38,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on TTE. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Finally, Scotiabank lifted their price objective on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $84.33.

TotalEnergies Stock Performance

NYSE TTE opened at $84.23 on Tuesday. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The stock has a market cap of $201.95 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 2.99 and a beta of 0.12. The business has a fifty day moving average of $90.09 and a 200-day moving average of $79.31. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTE) last released 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. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The company had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. As a group, analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current fiscal 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.