TotalEnergies SE Sponsored ADR $TTE Stock Acquired by Walter Public Investments Inc.

Walter Public Investments Inc. raised its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 262.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,400 shares of the company’s stock after acquiring an additional 61,100 shares during the quarter. TotalEnergies makes up about 1.7% of Walter Public Investments Inc.’s portfolio, making the stock its 25th biggest position. Walter Public Investments Inc.’s holdings in TotalEnergies were worth $7,238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TTE. BIP Wealth LLC lifted its stake in shares of TotalEnergies by 4.0% during the 3rd quarter. BIP Wealth LLC now owns 2,896 shares of the company’s stock worth $248,000 after purchasing an additional 111 shares during the last quarter. Visionary Horizons LLC boosted its position in TotalEnergies by 3.4% during the third quarter. Visionary Horizons LLC now owns 3,396 shares of the company’s stock valued at $290,000 after purchasing an additional 112 shares in the last quarter. Silver Grove Financial Group Inc. grew its stake in TotalEnergies by 14.5% in the third quarter. Silver Grove Financial Group Inc. now owns 915 shares of the company’s stock valued at $78,000 after purchasing an additional 116 shares during the last quarter. Obermeyer Wealth Partners grew its stake in TotalEnergies by 0.6% in the third quarter. Obermeyer Wealth Partners now owns 20,591 shares of the company’s stock valued at $1,765,000 after purchasing an additional 119 shares during the last quarter. Finally, Bryn Mawr Trust Advisors LLC grew its stake in TotalEnergies by 3.6% in the third quarter. Bryn Mawr Trust Advisors LLC now owns 3,768 shares of the company’s stock valued at $322,000 after purchasing an additional 132 shares during the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 0.0%

NYSE:TTE opened at $87.88 on Thursday. TotalEnergies SE Sponsored ADR has a 12 month low of $62.15 and a 12 month high of $95.78. The firm has a fifty day simple moving average of $89.74 and a 200-day simple moving average of $85.96. The company has a current ratio of 1.11, a quick ratio of 0.89 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $210.72 billion, a P/E ratio of 8.78 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Friday, October 30th. The company reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.84 by $0.19. TotalEnergies had a net margin of 9.61% and a return on equity of 19.08%. The firm had revenue of $61.86 billion for the quarter, compared to analyst estimates of $55.39 billion. On average, equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 12.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TTE has been the subject of a number of recent research reports. Morgan Stanley downgraded shares of TotalEnergies from an “overweight” rating to an “equal weight” rating and set a $90.00 target price for the company. in a report on Thursday, September 3rd. Freedom Broker upgraded shares of TotalEnergies from a “sell” rating to a “hold” rating in a report on Tuesday, November 3rd. TD Cowen cut their price objective on shares of TotalEnergies from $108.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. JPMorgan Chase & Co. downgraded shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a research report on Wednesday, September 23rd. Finally, Barclays reiterated an “overweight” rating on shares of TotalEnergies in a research note on Monday, October 5th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.00.

TotalEnergies Company Profile

TotalEnergies SE is a France-based integrated energy company with operations spanning the oil and natural gas value chain. Its activities include exploring for and producing hydrocarbons, processing and refining them, and supplying energy products to customers. The company also markets natural gas, including liquefied natural gas, and operates in electricity generation and renewable energy. Its portfolio includes solar and wind power, as well as energy storage and related services. Founded in 1924 as Compagnie française des pétroles, the company has expanded and evolved through acquisitions and business changes.