TrueMark Investments LLC Acquires 21,167 Shares of TotalEnergies SE Sponsored ADR $TTE

TrueMark Investments LLC increased its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 61.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,539 shares of the company’s stock after buying an additional 21,167 shares during the period. TrueMark Investments LLC’s holdings in TotalEnergies were worth $5,053,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. YANKCOM Partnership increased 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 acquiring an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV acquired a new position in shares of TotalEnergies during the fourth quarter worth approximately $29,000. Lodestone Wealth Management LLC acquired a new position in shares of TotalEnergies during the fourth quarter worth approximately $32,000. Elyxium Wealth LLC acquired a new position in shares of TotalEnergies during the fourth quarter worth approximately $33,000. Finally, Colonial Trust Advisors grew its stake in shares of TotalEnergies by 212.6% during the third quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock valued at $37,000 after purchasing an additional 421 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Down 1.9%

Shares of NYSE:TTE opened at $78.75 on Thursday. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The company has a 50 day moving average of $88.61 and a 200-day moving average of $80.05. 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 cap of $188.81 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 2.72 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The business had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. On average, sell-side analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TTE. JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Piper Sandler upped their price objective on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Wall Street Zen upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.