Ferguson Wellman Capital Management Inc. Purchases New Position in TotalEnergies SE Sponsored ADR $TTE

Ferguson Wellman Capital Management Inc. purchased a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,087 shares of the company’s stock, valued at approximately $645,000.

Several other institutional investors and hedge funds have also bought and sold shares of TTE. Aberdeen Group plc lifted its position in TotalEnergies by 14.5% during the fourth quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock valued at $25,124,000 after buying an additional 48,640 shares during the period. ABN AMRO Bank N.V. bought a new stake in shares of TotalEnergies during the 4th quarter valued at $122,831,000. Assetmark Inc. grew its position in shares of TotalEnergies by 8.1% in the 4th quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock worth $16,124,000 after buying an additional 18,480 shares during the period. Vanguard Group Inc. purchased a new stake in shares of TotalEnergies in the 4th quarter worth about $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of TotalEnergies in the 4th quarter worth about $830,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TTE. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Wall Street Zen cut TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, TD Cowen reissued 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 issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Stock Down 0.1%

Shares of TotalEnergies stock opened at $78.45 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The stock has a market capitalization of $188.09 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 2.79 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17. The company has a 50-day simple moving average of $85.72 and a two-hundred day simple moving average of $81.07.

TotalEnergies (NYSE:TTE) last issued its 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 firm had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. On average, analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.58 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.