Kestra Private Wealth Services LLC Has $1.67 Million Stock Position in TotalEnergies SE Sponsored ADR $TTE

Kestra Private Wealth Services LLC reduced its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 52.1% during the 1st quarter, Holdings Channel reports. The firm owned 18,298 shares of the company’s stock after selling 19,907 shares during the period. Kestra Private Wealth Services LLC’s holdings in TotalEnergies were worth $1,665,000 at the end of the most recent quarter.

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

TotalEnergies Price Performance

Shares of TTE opened at $77.70 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The stock has a 50 day simple moving average of $87.89 and a 200 day simple moving average of $80.31. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17. The firm has a market capitalization of $186.31 billion, a PE ratio of 11.51, a P/E/G ratio of 2.60 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The firm had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. Sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on TTE shares. TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. CICC Research assumed coverage on shares of TotalEnergies in a report on Tuesday, June 23rd. They issued an “outperform” rating on the stock. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Piper Sandler boosted their price target on shares of TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Finally, Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Ten 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 stock. Based on data from MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and an average target price of $84.33.

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.