Evelyn Partners Investment Management Europe Ltd Acquires New Holdings in TotalEnergies SE Sponsored ADR $TTE

Evelyn Partners Investment Management Europe Ltd acquired a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 67,144 shares of the company’s stock, valued at approximately $4,384,000. TotalEnergies accounts for approximately 1.4% of Evelyn Partners Investment Management Europe Ltd’s investment portfolio, making the stock its 19th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Evelyn Partners Investment Management LLP boosted its holdings in shares of TotalEnergies by 2,437.8% in the fourth quarter. Evelyn Partners Investment Management LLP now owns 340,877 shares of the company’s stock valued at $22,258,000 after buying an additional 327,445 shares during the period. Bollard Group LLC boosted its holdings in shares of TotalEnergies by 354.0% in the fourth quarter. Bollard Group LLC now owns 4,540 shares of the company’s stock valued at $296,000 after buying an additional 3,540 shares during the period. Atlas Capital Advisors Inc. acquired a new position in shares of TotalEnergies in the fourth quarter valued at approximately $43,000. Kestra Advisory Services LLC boosted its holdings in shares of TotalEnergies by 4.1% in the fourth quarter. Kestra Advisory Services LLC now owns 23,798 shares of the company’s stock valued at $1,557,000 after buying an additional 940 shares during the period. Finally, Transamerica Financial Advisors LLC boosted its holdings in shares of TotalEnergies by 7.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 6,041 shares of the company’s stock valued at $397,000 after buying an additional 428 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Piper Sandler upped 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. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Zacks Research cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus target price of $84.33.

TotalEnergies Stock Performance

Shares of TTE opened at $88.08 on Friday. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The firm has a fifty day simple moving average of $90.26 and a 200 day simple moving average of $79.07. The stock has a market capitalization of $211.19 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 2.99 and a beta of 0.12. The company has a current ratio of 1.08, a quick ratio of 0.85 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 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 business had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. Research analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

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.