Hudson Portfolio Management LLC Acquires Shares of 22,888 TotalEnergies SE Sponsored ADR $TTE

Hudson Portfolio Management LLC bought a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the second quarter, Holdings Channel.com reports. The fund bought 22,888 shares of the company’s stock, valued at approximately $1,780,000. TotalEnergies comprises approximately 1.3% of Hudson Portfolio Management LLC’s investment portfolio, making the stock its 19th biggest holding.

Other institutional investors have also modified their holdings of the company. Robinswood Financial LLC purchased a new stake in shares of TotalEnergies in the first quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. purchased a new position in TotalEnergies during the 2nd quarter worth $30,000. Elyxium Wealth LLC purchased a new position in TotalEnergies during the 4th quarter worth $33,000. SHP Wealth Management bought a new stake in TotalEnergies during the 4th quarter valued at $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in TotalEnergies during the 4th quarter valued at $38,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

TTE stock opened at $90.17 on Thursday. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The firm has a market cap of $216.19 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 3.19 and a beta of 0.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. The firm has a 50-day simple moving average of $84.17 and a two-hundred day simple moving average of $85.80.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. The firm had revenue of $57.10 billion for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. On average, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 10.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Mizuho initiated coverage on shares of TotalEnergies in a research note on Monday, July 20th. They issued an “outperform” rating and a $103.00 price objective for the company. Zacks Research cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Piper Sandler reissued a “neutral” rating and set a $85.00 target price on shares of TotalEnergies in a research report on Thursday, July 23rd. Finally, TD Cowen raised their target price on shares of TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Eleven investment 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.14.

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.