Guardian Partners Inc. Acquires New Shares in TotalEnergies SE Sponsored ADR $TTE

Guardian Partners Inc. acquired a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 191,872 shares of the company’s stock, valued at approximately $16,405,000. TotalEnergies comprises about 1.5% of Guardian Partners Inc.’s holdings, making the stock its 18th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Strengthening Families & Communities LLC boosted its position in shares of TotalEnergies by 11.6% in the third quarter. Strengthening Families & Communities LLC now owns 18,709 shares of the company’s stock valued at $1,600,000 after acquiring an additional 1,950 shares during the period. Schuylkill Financial LLC bought a new stake in shares of TotalEnergies during the 3rd quarter valued at approximately $873,000. Quadrant Capital Group LLC grew its position in TotalEnergies by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 58,871 shares of the company’s stock worth $5,237,000 after acquiring an additional 966 shares during the last quarter. Innova Wealth Partners raised its stake in shares of TotalEnergies by 11.4% during the third quarter. Innova Wealth Partners now owns 5,331 shares of the company’s stock valued at $456,000 after acquiring an additional 544 shares during the last quarter. Finally, Cohen Investment Advisors LLC lifted its stake in shares of TotalEnergies by 3.2% in the third quarter. Cohen Investment Advisors LLC now owns 7,199 shares of the company’s stock worth $619,000 after acquiring an additional 225 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Up 0.4%

NYSE:TTE traded up $0.33 during trading hours on Wednesday, hitting $90.41. The company had a trading volume of 900,947 shares, compared to its average volume of 1,795,297. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85. The stock has a 50-day moving average price of $88.92 and a 200 day moving average price of $87.33. The company has a market capitalization of $216.77 billion, a PE ratio of 11.33 and a beta of 0.18. TotalEnergies SE Sponsored ADR has a 52 week low of $60.58 and a 52 week high of $94.17.

TotalEnergies (NYSE:TTE) last posted its earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The firm had revenue of $57.10 billion during the quarter. On average, equities research analysts predict that TotalEnergies SE Sponsored ADR will post 12.40 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. cut shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 23rd. Morgan Stanley set a $90.00 price target on TotalEnergies and gave the company an “equal weight” rating in a research report on Thursday, September 3rd. Mizuho set a $108.00 price target on TotalEnergies in a report on Friday. Finally, Weiss Ratings raised shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.71.

About TotalEnergies

TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company’s activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.