SG Trading Solutions LLC Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

SG Trading Solutions LLC purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,590 shares of the company’s stock, valued at approximately $497,000.

Several other institutional investors and hedge funds have also modified their holdings of TTE. Aberdeen Group plc lifted its stake in 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 during the last quarter. ABN AMRO Bank N.V. acquired a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $122,831,000. Assetmark Inc. boosted its stake 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 acquiring an additional 18,480 shares during the period. Vanguard Group Inc. acquired a new position in shares of TotalEnergies during the 4th quarter worth approximately $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in TotalEnergies in the 4th quarter valued at $830,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTE has been the topic of several research reports. Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. TD Cowen restated a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Finally, Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, TotalEnergies currently has an average rating of “Hold” and a consensus target price of $84.33.

TotalEnergies Stock Up 0.1%

TTE stock opened at $80.47 on Friday. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. 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 stock has a market capitalization of $192.95 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 2.73 and a beta of 0.12. The business’s fifty day moving average price is $89.34 and its two-hundred day moving average price is $79.66.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The company had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. On average, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

About TotalEnergies

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.