Natixis Advisors LLC Boosts Holdings in TotalEnergies SE Sponsored ADR $TTE

Natixis Advisors LLC boosted its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,374,307 shares of the company’s stock after acquiring an additional 103,048 shares during the period. Natixis Advisors LLC owned 0.10% of TotalEnergies worth $155,327,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TTE. YANKCOM Partnership lifted its position in TotalEnergies by 146.8% during the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after acquiring an additional 232 shares during the last quarter. MH & Associates Securities Management Corp ADV purchased a new stake in TotalEnergies during the fourth quarter valued at approximately $29,000. Lodestone Wealth Management LLC purchased a new position in shares of TotalEnergies in the fourth quarter worth $32,000. Elyxium Wealth LLC purchased a new position in shares of TotalEnergies in the fourth quarter worth $33,000. Finally, Colonial Trust Advisors raised its holdings in shares of TotalEnergies by 212.6% in the third quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock worth $37,000 after buying an additional 421 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

TTE has been the subject of a number of research analyst reports. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Scotiabank raised their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Freedom Capital cut shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 13th. Finally, TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Stock Up 1.5%

Shares of NYSE TTE opened at $88.63 on Tuesday. The company’s 50-day simple moving average is $90.42 and its 200-day simple moving average is $77.63. 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 cap of $212.50 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 3.10 and a beta of 0.12. 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 (NYSE:TTE) last announced its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating 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 business had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. Equities analysts predict that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current fiscal year.

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.