Citizens Financial Group Inc. RI Invests $647,000 in TotalEnergies SE Sponsored ADR $TTE

Citizens Financial Group Inc. RI purchased a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,107 shares of the company’s stock, valued at approximately $647,000.

Other large investors have also recently modified their holdings of the company. Sovran Advisors LLC increased its stake in TotalEnergies by 7.1% in the 1st quarter. Sovran Advisors LLC now owns 5,216 shares of the company’s stock worth $484,000 after purchasing an additional 344 shares during the period. U S Global Investors Inc. lifted its position in shares of TotalEnergies by 46.7% in the 1st quarter. U S Global Investors Inc. now owns 22,000 shares of the company’s stock worth $2,002,000 after purchasing an additional 7,000 shares during the period. Advisors Management Group Inc. ADV lifted its holdings in TotalEnergies by 0.8% in the first quarter. Advisors Management Group Inc. ADV now owns 136,956 shares of the company’s stock worth $12,460,000 after buying an additional 1,081 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of TotalEnergies by 2.7% during the first quarter. Sequoia Financial Advisors LLC now owns 28,905 shares of the company’s stock valued at $2,630,000 after purchasing an additional 768 shares in the last quarter. Finally, Independence Bank of Kentucky bought a new stake in shares of TotalEnergies during the 1st quarter valued at $93,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

NYSE:TTE opened at $80.98 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $194.17 billion, a P/E ratio of 12.00, a P/E/G ratio of 2.89 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The business’s 50-day moving average is $85.24 and its 200 day moving average is $81.29.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $44.58 billion. On average, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of analyst reports. TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.