Keudell Morrison Wealth Management Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Keudell Morrison Wealth Management purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,075 shares of the company’s stock, valued at approximately $921,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aberdeen Group plc raised its stake in shares of TotalEnergies by 14.5% during the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock valued at $25,124,000 after buying an additional 48,640 shares during the last quarter. Assetmark Inc. raised its stake in shares of TotalEnergies by 8.1% during the 4th quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock valued at $16,124,000 after buying an additional 18,480 shares during the last quarter. ABN AMRO Bank N.V. purchased a new position in shares of TotalEnergies during the 4th quarter valued at about $122,831,000. Vanguard Group Inc. purchased a new position in shares of TotalEnergies during the 4th quarter valued at about $5,337,330,000. Finally, Bank of Italy purchased a new position in shares of TotalEnergies during the 4th quarter valued at about $422,957,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of TotalEnergies stock opened at $92.45 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. TotalEnergies SE Sponsored ADR has a twelve month low of $57.26 and a twelve month high of $94.17. The business has a 50-day moving average price of $89.77 and a 200 day moving average price of $76.30. The firm has a market cap of $221.66 billion, a PE ratio of 13.70, a P/E/G ratio of 3.29 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The firm had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. Sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on TTE. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Piper Sandler lifted their price objective on TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Finally, Zacks Research upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Company 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.