Peapack Gladstone Financial Corp Has $1.25 Million Stock Position in TotalEnergies SE Sponsored ADR $TTE

Peapack Gladstone Financial Corp decreased its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 51.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,076 shares of the company’s stock after selling 20,620 shares during the period. Peapack Gladstone Financial Corp’s holdings in TotalEnergies were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. YANKCOM Partnership increased its holdings in shares of TotalEnergies by 146.8% during the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after buying an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV acquired a new stake in shares of TotalEnergies during the fourth quarter worth approximately $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of TotalEnergies during the fourth quarter worth approximately $32,000. Elyxium Wealth LLC acquired a new stake in shares of TotalEnergies during the fourth quarter worth approximately $33,000. Finally, Colonial Trust Advisors increased its holdings in shares of TotalEnergies by 212.6% during the third quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock worth $37,000 after buying an additional 421 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Up 0.6%

Shares of NYSE TTE opened at $89.97 on Thursday. The firm’s 50-day simple moving average is $90.46 and its 200 day simple moving average is $77.99. The company has a market cap of $215.72 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 3.18 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 SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (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 for the quarter, compared to the consensus estimate of $44.58 billion. On average, research analysts expect that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TTE. Scotiabank raised their price objective 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. Wall Street Zen downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Piper Sandler upped their price target on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Finally, Freedom Capital downgraded shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, February 13th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, 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.