Evelyn Partners Investment Management Services Ltd Has $2.30 Million Holdings in TotalEnergies SE Sponsored ADR $TTE

Evelyn Partners Investment Management Services Ltd boosted its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 38.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 24,581 shares of the company’s stock after purchasing an additional 6,886 shares during the quarter. Evelyn Partners Investment Management Services Ltd’s holdings in TotalEnergies were worth $2,298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTE. Quantinno Capital Management LP raised its stake in shares of TotalEnergies by 20.2% in the first quarter. Quantinno Capital Management LP now owns 297,798 shares of the company’s stock worth $27,196,000 after purchasing an additional 50,040 shares during the last quarter. Lazard Asset Management LLC grew its holdings in TotalEnergies by 30.2% during the first quarter. Lazard Asset Management LLC now owns 2,659,978 shares of the company’s stock worth $248,722,000 after buying an additional 616,387 shares in the last quarter. Family Manage LLC raised its position in TotalEnergies by 16.6% in the 1st quarter. Family Manage LLC now owns 4,019 shares of the company’s stock valued at $375,000 after buying an additional 573 shares during the last quarter. Gateway Wealth Partners LLC purchased a new stake in TotalEnergies in the 1st quarter valued at $296,000. Finally, OMERS ADMINISTRATION Corp grew its stake in shares of TotalEnergies by 24.1% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 202,319 shares of the company’s stock worth $18,861,000 after acquiring an additional 39,333 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Down 2.9%

TotalEnergies stock opened at $84.28 on Tuesday. The firm has a 50 day simple moving average of $83.83 and a 200 day simple moving average of $82.39. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. TotalEnergies SE Sponsored ADR has a 1-year low of $57.39 and a 1-year high of $94.17. The firm has a market capitalization of $202.06 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 3.09 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last posted its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%.The firm had revenue of $57.10 billion for the quarter. On average, analysts predict that TotalEnergies SE Sponsored ADR will post 10.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TTE shares. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings raised TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. CICC Research assumed coverage on TotalEnergies in a research note on Tuesday, June 23rd. They issued an “outperform” rating on the stock. Finally, Wall Street Zen downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Eleven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.14.

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.