Guardian Partners Inc. Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Guardian Partners acquired 191,872 TotalEnergies shares in the third quarter, valued at approximately $16.4 million, making up 1.5% of its portfolio and its 18th-largest holding.
• Analyst sentiment is positive, with a consensus “Moderate Buy” rating and an average price target of $92.71; recent firms upgraded or maintained bullish ratings despite some target-price adjustments.
• TotalEnergies shares recently traded at $90.41, near their 52-week high, while the company reported quarterly revenue of $57.1 billion and EPS of $2.68; analysts expect full-year EPS of $12.40.

Guardian Partners Inc. acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 191,872 shares of the company's stock, valued at approximately $16,405,000. TotalEnergies accounts for 1.5% of Guardian Partners Inc.'s holdings, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Strengthening Families & Communities LLC lifted its holdings in shares of TotalEnergies by 11.6% during the 3rd quarter. Strengthening Families & Communities LLC now owns 18,709 shares of the company's stock valued at $1,600,000 after purchasing an additional 1,950 shares in the last quarter. Schuylkill Financial LLC bought a new stake in TotalEnergies during the 3rd quarter worth approximately $873,000. Quadrant Capital Group LLC raised its holdings in TotalEnergies by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 58,871 shares of the company's stock worth $5,237,000 after buying an additional 966 shares during the period. Innova Wealth Partners lifted its stake in TotalEnergies by 11.4% in the third quarter. Innova Wealth Partners now owns 5,331 shares of the company's stock valued at $456,000 after buying an additional 544 shares in the last quarter. Finally, Cohen Investment Advisors LLC boosted its holdings in shares of TotalEnergies by 3.2% in the third quarter. Cohen Investment Advisors LLC now owns 7,199 shares of the company's stock valued at $619,000 after buying an additional 225 shares during the period. 16.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TTE. Piper Sandler boosted their price objective on shares of TotalEnergies from $84.00 to $93.00 and gave the company a "neutral" rating in a research report on Thursday, September 3rd. HSBC raised TotalEnergies from a "hold" rating to a "buy" rating in a research report on Friday, September 25th. Zacks Research upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Monday. CICC Research began coverage on TotalEnergies in a report on Tuesday, June 23rd. They set an "outperform" rating for the company. Finally, TD Cowen cut their target price on TotalEnergies from $108.00 to $105.00 and set a "buy" rating on the stock in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $92.71.

TotalEnergies Stock Up 0.4%

Shares of NYSE:TTE traded up $0.33 during trading on Wednesday, hitting $90.41. 900,947 shares of the company were exchanged, compared to its average volume of 1,795,297. The stock has a market cap of $216.77 billion, a price-to-earnings ratio of 11.33 and a beta of 0.18. TotalEnergies SE Sponsored ADR has a fifty-two week low of $60.58 and a fifty-two week high of $94.17. The firm has a fifty day moving average price of $88.92 and a two-hundred day moving average price 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.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. The company had revenue of $57.10 billion during the quarter. As a group, research analysts anticipate that TotalEnergies SE Sponsored ADR will post 12.40 earnings per share for the current fiscal year.

TotalEnergies Company Profile

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.

Want to see what other hedge funds are holding TTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.