Sageworth Trust Co Invests $1.53 Million in TotalEnergies SE Sponsored ADR $TTE

Sageworth Trust Co acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 16,434 shares of the company’s stock, valued at approximately $1,532,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. YANKCOM Partnership boosted its position in TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after acquiring an additional 232 shares during the last quarter. Maseco LLP boosted its holdings in TotalEnergies by 119.9% during the first quarter. Maseco LLP now owns 420 shares of the company’s stock worth $38,000 after purchasing an additional 229 shares during the last quarter. MH & Associates Securities Management Corp ADV acquired a new position in TotalEnergies during the fourth quarter worth $29,000. Lodestone Wealth Management LLC bought a new position in TotalEnergies in the fourth quarter valued at $32,000. Finally, Elyxium Wealth LLC bought a new position in TotalEnergies in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TTE opened at $79.00 on Thursday. The firm has a 50-day moving average of $86.25 and a 200-day moving average of $80.89. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The company has a market cap of $189.40 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 2.68 and a beta of 0.14. 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 issued its 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. The company had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. As a group, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 10.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

TTE has been the topic of several analyst reports. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Scotiabank lifted their target price on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. CICC Research assumed coverage on TotalEnergies in a report on Tuesday, June 23rd. They set an “outperform” rating on the stock. Finally, TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus target price 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.