Lido Advisors LLC Buys Shares of 9,914 TotalEnergies SE Sponsored ADR $TTE

Lido Advisors LLC purchased a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,914 shares of the company’s stock, valued at approximately $902,000.

A number of other hedge funds have also modified their holdings of the stock. Aberdeen Group plc boosted its holdings in TotalEnergies by 14.5% in the fourth quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock valued at $25,124,000 after acquiring an additional 48,640 shares during the last quarter. ABN AMRO Bank N.V. bought a new stake in TotalEnergies during the 4th quarter worth about $122,831,000. Assetmark Inc. raised its holdings in TotalEnergies by 8.1% during the 4th quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock worth $16,124,000 after purchasing an additional 18,480 shares during the last quarter. Vanguard Group Inc. acquired a new position in TotalEnergies during the 4th quarter valued at about $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in TotalEnergies during the 4th quarter valued at about $830,000. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TTE. Mizuho began coverage on shares of TotalEnergies in a research report on Monday, July 20th. They set an “outperform” rating and a $103.00 price target for the company. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Eleven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.14.

TotalEnergies Price Performance

TotalEnergies stock opened at $84.25 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $202.00 billion, a P/E ratio of 10.54, a PEG ratio of 2.98 and a beta of 0.14. The business has a 50-day moving average of $83.65 and a 200-day moving average of $82.55. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The business had revenue of $57.10 billion for the quarter. On average, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.61 EPS 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.