PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 168,548 shares of the company’s stock, valued at approximately $11,026,000.
Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. bought a new position in TotalEnergies in the 4th quarter valued at about $5,337,330,000. Massachusetts Financial Services Co. MA increased its holdings in TotalEnergies by 21,398.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after buying an additional 40,192,677 shares during the period. Caisse Des Depots ET Consignations bought a new position in TotalEnergies in the 4th quarter valued at about $1,982,676,000. Norges Bank bought a new position in TotalEnergies in the 4th quarter valued at about $1,917,626,000. Finally, Legal & General Group Plc bought a new position in TotalEnergies in the 4th quarter valued at about $967,692,000. 16.53% of the stock is owned by institutional investors.
Analyst Ratings Changes
TTE has been the topic of several recent analyst reports. Wall Street Zen lowered shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Citigroup reaffirmed a “buy” rating on shares of TotalEnergies in a report on Thursday, February 12th. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Finally, Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.
TotalEnergies Stock Down 1.8%
NYSE:TTE opened at $88.53 on Friday. The firm’s 50 day simple moving average is $90.47 and its 200 day simple moving average is $78.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The company has a market cap of $212.27 billion, a PE ratio of 13.12, a P/E/G ratio of 3.20 and a beta of 0.12.
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 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 business had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. On average, research analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current year.
TotalEnergies Company 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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