Frank Rimerman Advisors LLC Takes $1.07 Million Position in TotalEnergies SE Sponsored ADR $TTE

Frank Rimerman Advisors LLC purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the first quarter, HoldingsChannel.com reports. The fund purchased 11,773 shares of the company’s stock, valued at approximately $1,071,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Aberdeen Group plc boosted its holdings in shares of TotalEnergies by 14.5% in the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock valued at $25,124,000 after purchasing an additional 48,640 shares in the last quarter. ABN AMRO Bank N.V. bought a new position in shares of TotalEnergies in the 4th quarter valued at $122,831,000. Assetmark Inc. raised its holdings in shares of TotalEnergies by 8.1% during the 4th quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock worth $16,124,000 after buying an additional 18,480 shares in the last quarter. Vanguard Group Inc. acquired a new position in shares of TotalEnergies during the 4th quarter worth $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of TotalEnergies during the 4th quarter worth $830,000. Institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

TTE has been the topic of several research analyst reports. CICC Research assumed coverage on TotalEnergies in a research note on Tuesday, June 23rd. They issued an “outperform” rating on the stock. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Piper Sandler increased their target price on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Finally, TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Trading Down 0.8%

TTE opened at $78.25 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. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The company’s 50 day moving average price is $86.00 and its two-hundred day moving average price is $80.98. The firm has a market capitalization of $187.61 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 2.72 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. As a group, research analysts predict that TotalEnergies SE Sponsored ADR will post 10.91 earnings per share for the current year.

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.