Allianz Asset Management GmbH Acquires Shares of 7,467,905 TotalEnergies SE Sponsored ADR $TTE

Allianz Asset Management GmbH bought a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, Holdings Channel reports. The fund bought 7,467,905 shares of the company’s stock, valued at approximately $487,562,000. TotalEnergies comprises approximately 0.5% of Allianz Asset Management GmbH’s portfolio, making the stock its 23rd largest holding.

Several other large investors also recently modified their holdings of the business. MGO One Seven LLC grew its stake in shares of TotalEnergies by 1.3% during the fourth quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock valued at $681,000 after acquiring an additional 137 shares in the last quarter. Clear Creek Financial Management LLC grew its stake in shares of TotalEnergies by 2.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock valued at $414,000 after acquiring an additional 150 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in shares of TotalEnergies by 4.4% during the fourth quarter. Bruce G. Allen Investments LLC now owns 4,091 shares of the company’s stock valued at $268,000 after acquiring an additional 172 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in shares of TotalEnergies by 2.2% during the second quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company’s stock valued at $495,000 after acquiring an additional 175 shares in the last quarter. Finally, OLD National Bancorp IN grew its stake in shares of TotalEnergies by 2.5% during the fourth quarter. OLD National Bancorp IN now owns 7,189 shares of the company’s stock valued at $470,000 after acquiring an additional 176 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Down 0.2%

NYSE:TTE opened at $88.42 on Wednesday. The company has a market capitalization of $212.00 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 3.00 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The stock has a 50-day simple moving average of $90.41 and a 200 day simple moving average of $78.67. 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) last posted its quarterly 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. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The business had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. Sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TTE. Piper Sandler raised their target price on TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Citigroup reiterated a “buy” rating on shares of TotalEnergies in a research note on Thursday, February 12th. TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Finally, Zacks Research downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

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.