Drum Hill Capital LLC Buys Shares of 61,150 TotalEnergies SE Sponsored ADR $TTE

Key Points

• Drum Hill Capital LLC bought 61,150 shares of TotalEnergies SE ADR (NYSE:TTE) in Q4—about $4,000,000—making the position ~4.2% of its portfolio and its 10th largest holding.
• TotalEnergies opened at $87.37, has a market cap of $209.48 billion and a P/E of 15.09, and recently reported quarterly EPS of $1.73 (beating estimates) with revenue of $45.93 billion.
• Analysts present a mixed view: the average rating is "Hold" with an average target of $77.54 (below the current price), while consensus forecasts about 8.02 EPS for the fiscal year.

Drum Hill Capital LLC bought a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 61,150 shares of the company's stock, valued at approximately $4,000,000. TotalEnergies makes up about 4.2% of Drum Hill Capital LLC's investment portfolio, making the stock its 10th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Clear Creek Financial Management LLC increased its stake in shares of TotalEnergies by 2.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company's stock valued at $414,000 after purchasing an additional 150 shares in the last quarter. Bruce G. Allen Investments LLC increased its stake in shares of TotalEnergies by 4.5% during the third quarter. Bruce G. Allen Investments LLC now owns 3,919 shares of the company's stock valued at $234,000 after purchasing an additional 167 shares in the last quarter. MFA Wealth Advisors LLC increased its stake in shares of TotalEnergies by 4.1% during the third quarter. MFA Wealth Advisors LLC now owns 4,343 shares of the company's stock valued at $259,000 after purchasing an additional 172 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in shares of TotalEnergies by 2.2% during the second quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company's stock valued at $495,000 after purchasing an additional 175 shares in the last quarter. Finally, Greenleaf Trust increased its stake in shares of TotalEnergies by 1.4% during the third quarter. Greenleaf Trust now owns 13,897 shares of the company's stock valued at $830,000 after purchasing an additional 189 shares in the last quarter. Institutional investors own 16.53% of the company's stock.

TotalEnergies Price Performance

Shares of TTE opened at $87.37 on Thursday. The company has a market capitalization of $209.48 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 3.88 and a beta of 0.13. The company has a quick ratio of 0.79, a current ratio of 0.97 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $83.46 and a 200 day moving average of $71.12. TotalEnergies SE Sponsored ADR has a twelve month low of $56.31 and a twelve month high of $93.49.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.01. The company had revenue of $45.93 billion during the quarter, compared to the consensus estimate of $36.69 billion. TotalEnergies had a net margin of 6.52% and a return on equity of 13.14%. As a group, equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

TTE has been the subject of a number of analyst reports. Wolfe Research reaffirmed an "outperform" rating and set a $83.00 target price on shares of TotalEnergies in a research note on Wednesday, January 21st. Piper Sandler raised their target price on shares of TotalEnergies from $74.00 to $92.00 and gave the company a "neutral" rating in a research note on Thursday, March 12th. Jefferies Financial Group raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Thursday, January 8th. Morgan Stanley reissued an "overweight" rating on shares of TotalEnergies in a research report on Tuesday, January 6th. Finally, Citigroup reissued a "buy" rating on shares of TotalEnergies in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $77.54.

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.

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