Walter Public Investments Inc. Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Walter Public Investments Inc. purchased a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 99,812 shares of the company’s stock, valued at approximately $9,330,000. TotalEnergies makes up 2.2% of Walter Public Investments Inc.’s investment portfolio, making the stock its 22nd biggest holding.

A number of other large investors also recently modified their holdings of TTE. YANKCOM Partnership grew its position in TotalEnergies by 146.8% in the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after buying an additional 232 shares in the last quarter. Maseco LLP raised its position in shares of TotalEnergies by 119.9% during the 1st quarter. Maseco LLP now owns 420 shares of the company’s stock worth $38,000 after buying an additional 229 shares in the last quarter. MH & Associates Securities Management Corp ADV acquired a new stake in shares of TotalEnergies in the 4th quarter worth approximately $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of TotalEnergies in the 4th quarter worth approximately $32,000. Finally, Elyxium Wealth LLC bought a new position in shares of TotalEnergies in the fourth quarter valued at approximately $33,000. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

Shares of TTE opened at $76.73 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The firm’s 50 day moving average is $86.97 and its 200-day moving average is $80.51. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17. The stock has a market capitalization of $183.99 billion, a P/E ratio of 11.37, a P/E/G ratio of 2.57 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last issued its 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. The firm had revenue of $49.52 billion during 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%. Equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of research analyst reports. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Scotiabank lifted their price target on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Wall Street Zen cut TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.