swisspartners Advisors Ltd Acquires Shares of 110,840 TotalEnergies SE Sponsored ADR $TTE

swisspartners Advisors Ltd bought a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 110,840 shares of the company’s stock, valued at approximately $7,230,000. TotalEnergies accounts for approximately 5.2% of swisspartners Advisors Ltd’s portfolio, making the stock its 11th largest holding.

A number of other large investors have also made changes to their positions in the stock. Valeo Financial Advisors LLC lifted its position in TotalEnergies by 9.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 11,383 shares of the company’s stock worth $744,000 after buying an additional 956 shares in the last quarter. ABN AMRO Bank N.V. purchased a new stake in TotalEnergies in the 4th quarter valued at $122,831,000. Pure Financial Advisors LLC acquired a new stake in shares of TotalEnergies in the 4th quarter worth $252,000. NewEdge Wealth LLC increased its stake in shares of TotalEnergies by 14.2% in the 4th quarter. NewEdge Wealth LLC now owns 40,223 shares of the company’s stock worth $2,631,000 after acquiring an additional 5,006 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC raised its holdings in shares of TotalEnergies by 17.3% during the 4th quarter. Drucker Wealth 3.0 LLC now owns 4,788 shares of the company’s stock worth $313,000 after acquiring an additional 706 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 2.4%

Shares of TTE stock opened at $90.64 on Tuesday. TotalEnergies SE Sponsored ADR has a 1-year low of $57.26 and a 1-year high of $93.67. The firm has a market cap of $217.33 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 3.05 and a beta of 0.14. The company has a 50-day moving average of $87.67 and a two-hundred day moving average of $74.60. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) 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 business had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. On average, analysts predict that TotalEnergies SE Sponsored ADR will post 10.92 EPS for the current year.

Analysts Set New Price Targets

TTE has been the topic of several recent research reports. Zacks Research raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 30th. Freedom Capital downgraded shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 13th. Citigroup reiterated a “buy” rating on shares of TotalEnergies in a report on Thursday, February 12th. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Finally, Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.