16,213 Shares in TotalEnergies SE Sponsored ADR $TTE Bought by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC acquired a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,213 shares of the company’s stock, valued at approximately $1,511,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTE. Vanguard Group Inc. purchased a new stake in shares of TotalEnergies during the 4th quarter worth about $5,337,330,000. Capital International Investors grew its stake in shares of TotalEnergies by 1,438.5% in the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after buying an additional 49,245,192 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of TotalEnergies by 21,398.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after buying an additional 40,192,677 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new position in TotalEnergies in the fourth quarter worth approximately $1,982,676,000. Finally, Norges Bank acquired a new position in TotalEnergies in the fourth quarter worth approximately $1,917,626,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 1.2%

Shares of TTE stock opened at $77.70 on Tuesday. The stock’s 50 day simple moving average is $87.89 and its 200 day simple moving average is $80.31. TotalEnergies SE Sponsored ADR has a twelve month low of $57.39 and a twelve month 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 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 (NYSE:TTE) last announced its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (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 firm had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. As a group, research analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current year.

Analyst Ratings Changes

TTE has been the topic of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Scotiabank boosted their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Wall Street Zen raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.