Man Group plc acquired a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,664,215 shares of the company’s stock, valued at approximately $108,653,000. Man Group plc owned 0.07% of TotalEnergies at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of TTE. YANKCOM Partnership grew its stake in TotalEnergies by 146.8% in the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after purchasing an additional 232 shares during the period. MH & Associates Securities Management Corp ADV purchased a new position in shares of TotalEnergies during the 4th quarter valued at $29,000. Lodestone Wealth Management LLC purchased a new position in shares of TotalEnergies during the 4th quarter valued at $32,000. Elyxium Wealth LLC purchased a new position in shares of TotalEnergies during the 4th quarter valued at $33,000. Finally, Colonial Trust Advisors lifted its position in shares of TotalEnergies by 212.6% during the 3rd quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock valued at $37,000 after buying an additional 421 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on TTE. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Piper Sandler upped their price target on TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Wall Street Zen cut TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, TotalEnergies presently has a consensus rating of “Hold” and an average price target of $84.33.
TotalEnergies Stock Performance
Shares of TTE opened at $82.26 on Thursday. The stock’s 50-day simple moving average is $89.73 and its 200 day simple moving average is $79.55. The stock has a market capitalization of $197.23 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 2.85 and a beta of 0.12. 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 52-week low of $57.39 and a 52-week high of $94.17.
TotalEnergies (NYSE:TTE – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share (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%. Research analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 EPS 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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