Venturi Wealth Management LLC Raises Stock Position in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Venturi Wealth Management LLC boosted its stake by 438.5% in TotalEnergies during Q4 and now owns 102,008 shares valued at about $6.67 million.
• Other large institutional moves included big increases from Bank of America, Banque Pictet and JPMorgan, with hedge funds and institutional investors holding 16.53% of the company.
• Analysts are mixed: the consensus rating is "Hold" with an average price target of $77.54, while the stock trades around $92.66 and Piper Sandler recently raised its target to $92, highlighting divergent views.

Venturi Wealth Management LLC boosted its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 438.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,008 shares of the company's stock after acquiring an additional 83,064 shares during the quarter. Venturi Wealth Management LLC's holdings in TotalEnergies were worth $6,673,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE raised its stake in TotalEnergies by 10.0% during the 2nd quarter. Bank of America Corp DE now owns 9,802,968 shares of the company's stock valued at $601,804,000 after acquiring an additional 888,574 shares during the last quarter. Banque Pictet & Cie SA grew its position in TotalEnergies by 11,279.8% during the fourth quarter. Banque Pictet & Cie SA now owns 810,126 shares of the company's stock worth $52,891,000 after buying an additional 803,007 shares during the period. Bank Pictet & Cie Europe AG acquired a new stake in shares of TotalEnergies during the 4th quarter valued at approximately $47,186,000. JPMorgan Chase & Co. lifted its position in shares of TotalEnergies by 24.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,803,259 shares of the company's stock valued at $167,327,000 after acquiring an additional 552,414 shares during the period. Finally, Sound Income Strategies LLC purchased a new stake in shares of TotalEnergies during the 3rd quarter worth approximately $17,578,000. Hedge funds and other institutional investors own 16.53% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TTE. Piper Sandler raised their price objective on TotalEnergies from $74.00 to $92.00 and gave the company a "neutral" rating in a research note on Thursday, March 12th. Freedom Capital lowered TotalEnergies from a "strong-buy" rating to a "strong sell" rating in a report on Friday, February 13th. Citigroup restated a "buy" rating on shares of TotalEnergies in a research report on Thursday, February 12th. Zacks Research raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 30th. Finally, Scotiabank raised shares of TotalEnergies to a "hold" rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $77.54.

TotalEnergies Stock Performance

NYSE TTE opened at $92.66 on Friday. 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 stock has a market cap of $222.17 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 3.84 and a beta of 0.13. TotalEnergies SE Sponsored ADR has a fifty-two week low of $54.94 and a fifty-two week high of $93.29. The business has a fifty day moving average of $82.44 and a 200-day moving average of $70.47.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.01. The firm had revenue of $45.93 billion during the quarter, compared to analysts' expectations of $36.69 billion. TotalEnergies had a return on equity of 13.14% and a net margin of 6.52%. As a group, analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share 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.

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