Elevation Point Wealth Partners LLC Purchases 14,629 Shares of TotalEnergies SE Sponsored ADR $TTE

Elevation Point Wealth Partners LLC grew its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 105.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 28,487 shares of the company’s stock after buying an additional 14,629 shares during the period. Elevation Point Wealth Partners LLC’s holdings in TotalEnergies were worth $2,599,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in TotalEnergies by 151.0% in the 1st quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock worth $4,364,000 after acquiring an additional 40,586 shares during the last quarter. Empowered Funds LLC lifted its position in TotalEnergies by 2.1% in the 1st quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock valued at $2,652,000 after acquiring an additional 835 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in TotalEnergies by 17.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock valued at $315,000 after purchasing an additional 774 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in TotalEnergies by 14.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock valued at $1,490,000 after purchasing an additional 3,151 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in TotalEnergies by 7.3% during the 2nd quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock valued at $12,168,000 after purchasing an additional 13,536 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TTE shares. Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Piper Sandler increased their price objective on TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Wall Street Zen downgraded TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday. Finally, BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Trading Up 0.1%

Shares of TTE stock opened at $76.73 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17. The stock has a market capitalization of $183.99 billion, a P/E ratio of 11.37, a P/E/G ratio of 2.57 and a beta of 0.14. The firm’s 50 day moving average is $86.97 and its 200 day moving average is $80.51.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The business had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. Research analysts expect that TotalEnergies SE Sponsored ADR will post 11.23 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.