Morningstar Investment Management LLC purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 105,091 shares of the company’s stock, valued at approximately $6,852,000.
Several other institutional investors and hedge funds have also made changes to their positions in the business. MGO One Seven LLC boosted its position in shares of TotalEnergies by 1.3% during the 4th quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock worth $681,000 after acquiring an additional 137 shares in the last quarter. Clear Creek Financial Management LLC raised its position in shares of TotalEnergies by 2.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock worth $414,000 after acquiring an additional 150 shares in the last quarter. SkyView Investment Advisors LLC raised its position in shares of TotalEnergies by 2.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company’s stock worth $495,000 after acquiring an additional 175 shares in the last quarter. OLD National Bancorp IN raised its position in shares of TotalEnergies by 2.5% during the 4th quarter. OLD National Bancorp IN now owns 7,189 shares of the company’s stock worth $470,000 after acquiring an additional 176 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its position in shares of TotalEnergies by 1.9% during the 3rd quarter. Valeo Financial Advisors LLC now owns 10,427 shares of the company’s stock worth $622,000 after acquiring an additional 193 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have recently weighed in on TTE. Zacks Research raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 30th. Wall Street Zen raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Scotiabank increased their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.33.
TotalEnergies Stock Down 0.0%
TTE opened at $91.59 on Monday. The business’s 50-day simple moving average is $89.97 and its 200-day simple moving average is $76.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. TotalEnergies SE Sponsored ADR has a one year low of $57.26 and a one year high of $94.17. The stock has a market capitalization of $219.59 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 3.25 and a beta of 0.14.
TotalEnergies (NYSE:TTE – Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The business had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current 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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