39,206 Shares in TotalEnergies SE Sponsored ADR $TTE Acquired by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC bought a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 39,206 shares of the company’s stock, valued at approximately $3,575,000.

Other hedge funds also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC boosted its position in shares of TotalEnergies by 102.2% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 7,354 shares of the company’s stock worth $669,000 after purchasing an additional 3,717 shares in the last quarter. Louisbourg Investments Inc. increased its position in shares of TotalEnergies by 13.8% in the 1st quarter. Louisbourg Investments Inc. now owns 8,240 shares of the company’s stock valued at $750,000 after buying an additional 1,000 shares in the last quarter. Border to Coast Pensions Partnership Ltd bought a new stake in shares of TotalEnergies in the 1st quarter valued at $104,347,000. Traveka Wealth LLC acquired a new stake in TotalEnergies during the 1st quarter worth $228,000. Finally, Sterling Capital Management LLC acquired a new stake in TotalEnergies during the 1st quarter worth $1,854,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Trading Down 0.0%

NYSE TTE opened at $76.76 on Monday. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The stock’s 50 day moving average price is $88.15 and its two-hundred day moving average price is $80.22. The stock has a market capitalization of $184.05 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 2.60 and a beta of 0.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The business had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. As a group, analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on TTE. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Ten 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.33.

About TotalEnergies

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.