Nicola Wealth Management LTD. Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Nicola Wealth Management LTD. purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 144,000 shares of the company’s stock, valued at approximately $9,420,000.

Several other hedge funds have also recently added to or reduced their stakes in TTE. Vanguard Group Inc. acquired a new stake in shares of TotalEnergies during the 4th quarter worth approximately $5,337,330,000. Massachusetts Financial Services Co. MA grew its position in shares of TotalEnergies by 21,398.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock worth $2,641,693,000 after buying an additional 40,192,677 shares during the period. Caisse Des Depots ET Consignations acquired a new stake in shares of TotalEnergies during the 4th quarter worth approximately $1,982,676,000. Legal & General Group Plc acquired a new stake in shares of TotalEnergies during the 4th quarter worth approximately $967,692,000. Finally, Bank of America Corp DE grew its position in shares of TotalEnergies by 10.0% during the 2nd quarter. Bank of America Corp DE now owns 9,802,968 shares of the company’s stock worth $601,804,000 after buying an additional 888,574 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

NYSE TTE opened at $91.59 on Monday. The company has a fifty day simple moving average of $89.97 and a 200 day simple moving average of $76.51. TotalEnergies SE Sponsored ADR has a 12-month low of $57.26 and a 12-month high of $94.17. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The company has a market cap of $219.59 billion, a P/E ratio of 13.57, a PEG ratio of 3.25 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last posted 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 business 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%. Sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TTE has been the subject of several recent analyst reports. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Piper Sandler raised their price objective on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Zacks Research raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 30th. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Finally, TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus price target 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.