WCG Wealth Advisors LLC Acquires 6,815 Shares of TotalEnergies SE Sponsored ADR $TTE

WCG Wealth Advisors LLC increased its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 52.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,924 shares of the company’s stock after purchasing an additional 6,815 shares during the quarter. WCG Wealth Advisors LLC’s holdings in TotalEnergies were worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of TTE. MGO One Seven LLC lifted its holdings in TotalEnergies by 1.3% in the fourth quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock worth $681,000 after buying an additional 137 shares during the period. Clear Creek Financial Management LLC lifted its holdings in TotalEnergies by 2.4% in the fourth quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock worth $414,000 after buying an additional 150 shares during the period. Bruce G. Allen Investments LLC lifted its holdings in TotalEnergies by 4.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 4,091 shares of the company’s stock worth $268,000 after buying an additional 172 shares during the period. SkyView Investment Advisors LLC lifted its holdings in TotalEnergies by 2.2% in the second quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company’s stock worth $495,000 after buying an additional 175 shares during the period. Finally, OLD National Bancorp IN lifted its holdings in TotalEnergies by 2.5% in the fourth quarter. OLD National Bancorp IN now owns 7,189 shares of the company’s stock worth $470,000 after buying an additional 176 shares during the period. 16.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on TTE shares. TD Cowen restated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Freedom Capital lowered shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 13th. Scotiabank lifted their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Price Performance

Shares of TTE opened at $88.53 on Friday. The company has a market capitalization of $212.27 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 3.20 and a beta of 0.12. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $90.47 and a 200 day moving average of $78.23. TotalEnergies SE Sponsored ADR has a twelve month low of $57.39 and a twelve month high of $94.17.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results 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. The company 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%. As a group, equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current fiscal year.

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.