Schuylkill Financial LLC Makes New $873,000 Investment in TotalEnergies SE Sponsored ADR $TTE

Schuylkill Financial LLC bought a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,211 shares of the company’s stock, valued at approximately $873,000.

Other hedge funds have also made changes to their positions in the company. Robinswood Financial LLC acquired a new stake in shares of TotalEnergies during the 1st quarter worth about $27,000. Pin Oak Investment Advisors Inc. acquired a new position in TotalEnergies in the second quarter valued at about $30,000. SHP Wealth Management bought a new stake in TotalEnergies during the fourth quarter worth about $37,000. Maseco LLP grew its stake in TotalEnergies by 119.9% during the first quarter. Maseco LLP now owns 420 shares of the company’s stock worth $38,000 after buying an additional 229 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new stake in TotalEnergies during the first quarter worth about $39,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Price Performance

NYSE TTE traded up $0.33 on Wednesday, hitting $90.41. 900,947 shares of the company were exchanged, compared to its average volume of 1,795,297. TotalEnergies SE Sponsored ADR has a 1-year low of $60.58 and a 1-year high of $94.17. The firm has a 50 day moving average of $88.92 and a two-hundred day moving average of $87.33. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The company has a market cap of $216.77 billion, a P/E ratio of 11.33 and a beta of 0.18.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The firm had revenue of $57.10 billion during the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. On average, equities analysts predict that TotalEnergies SE Sponsored ADR will post 12.40 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TTE shares. Barclays reiterated an “overweight” rating on shares of TotalEnergies in a research note on Monday, October 5th. HSBC raised TotalEnergies from a “hold” rating to a “buy” rating in a report on Friday, September 25th. Morgan Stanley set a $90.00 price target on TotalEnergies and gave the stock an “equal weight” rating in a research report on Thursday, September 3rd. Mizuho set a $108.00 price target on TotalEnergies in a report on Friday. Finally, JPMorgan Chase & Co. downgraded TotalEnergies from an “overweight” rating to a “neutral” rating in a research report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and an average target price of $92.71.

About TotalEnergies

TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company’s activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.