Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,742,953 shares of the company’s stock, valued at approximately $112,470,000.
A number of other large investors have also recently made changes to their positions in the company. MGO One Seven LLC boosted its stake 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 purchasing an additional 137 shares during the period. Clear Creek Financial Management LLC boosted its stake 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 purchasing an additional 150 shares during the period. Bruce G. Allen Investments LLC boosted its stake in shares of TotalEnergies by 4.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 3,919 shares of the company’s stock worth $234,000 after purchasing an additional 167 shares during the period. SkyView Investment Advisors LLC boosted its position in TotalEnergies by 2.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company’s stock valued at $495,000 after buying an additional 175 shares during the period. Finally, OLD National Bancorp IN boosted its position in TotalEnergies by 2.5% in the 4th quarter. OLD National Bancorp IN now owns 7,189 shares of the company’s stock valued at $470,000 after buying an additional 176 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have issued reports on TTE. Zacks Research raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 30th. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Freedom Capital cut shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus price target of $84.33.
TotalEnergies Price Performance
Shares of TTE opened at $91.39 on Thursday. The company has a 50 day moving average price of $88.10 and a 200-day moving average price of $75.01. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.26 and a fifty-two week high of $93.67. The stock has a market capitalization of $219.12 billion, a PE ratio of 13.54, a PEG ratio of 3.16 and a beta of 0.14. 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 (NYSE:TTE – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The firm had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. Equities analysts predict that TotalEnergies SE Sponsored ADR will post 10.92 earnings per share for the current fiscal year.
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.
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