Keybank National Association OH Boosts Stake in TotalEnergies SE Sponsored ADR $TTE

Keybank National Association OH increased its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 53.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,368 shares of the company’s stock after acquiring an additional 6,771 shares during the period. Keybank National Association OH’s holdings in TotalEnergies were worth $1,762,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. YANKCOM Partnership boosted its position in TotalEnergies by 146.8% during the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after purchasing an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV purchased a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $29,000. Lodestone Wealth Management LLC acquired a new position in shares of TotalEnergies during the 4th quarter worth approximately $32,000. Elyxium Wealth LLC acquired a new position in shares of TotalEnergies during the 4th quarter worth approximately $33,000. Finally, SHP Wealth Management purchased a new position in shares of TotalEnergies during the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE TTE traded up $1.65 during midday trading on Tuesday, hitting $77.96. The stock had a trading volume of 142,913 shares, compared to its average volume of 1,775,354. The company has a market capitalization of $186.92 billion, a PE ratio of 11.55, a P/E/G ratio of 2.57 and a beta of 0.14. The stock has a 50 day simple moving average of $86.69 and a 200-day simple moving average of $80.70. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. 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 issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping the consensus estimate 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. On average, sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 11.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday. Scotiabank increased their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. CICC Research started coverage on shares of TotalEnergies in a research report on Tuesday, June 23rd. They issued an “outperform” rating on the stock. Finally, Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Company 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.