Maryland State Retirement & Pension System Makes New $18.17 Million Investment in TotalEnergies SE Sponsored ADR $TTE

Maryland State Retirement & Pension System bought a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTEFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 278,287 shares of the company’s stock, valued at approximately $18,169,000.

A number of other institutional investors also recently bought and sold shares of the company. MGO One Seven LLC boosted its position in TotalEnergies by 1.3% during the fourth quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock worth $681,000 after purchasing an additional 137 shares in the last quarter. Clear Creek Financial Management LLC raised its holdings in shares of TotalEnergies by 2.4% in the fourth 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 during the last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of TotalEnergies by 4.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 4,091 shares of the company’s stock worth $268,000 after acquiring an additional 172 shares during the last quarter. SkyView Investment Advisors LLC raised its holdings in shares of TotalEnergies by 2.2% in the second quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company’s stock worth $495,000 after acquiring an additional 175 shares during the last quarter. Finally, OLD National Bancorp IN raised its holdings in shares of TotalEnergies by 2.5% in the fourth quarter. OLD National Bancorp IN now owns 7,189 shares of the company’s stock worth $470,000 after acquiring an additional 176 shares during the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TTE. Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Piper Sandler boosted their price target on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Wall Street Zen cut TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Scotiabank boosted their price target on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, TD Cowen reissued a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, TotalEnergies currently has an average rating of “Hold” and a consensus price target of $84.33.

Check Out Our Latest Stock Report on TotalEnergies

TotalEnergies Stock Performance

TotalEnergies stock opened at $84.24 on Wednesday. The firm has a market capitalization of $201.98 billion, a P/E ratio of 12.48, a PEG ratio of 2.85 and a beta of 0.12. The stock has a fifty day moving average price of $89.93 and a 200 day moving average price of $79.44. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTEGet Free Report) last released its earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

TotalEnergies Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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