DekaBank Deutsche Girozentrale Takes $1.10 Billion Position in TotalEnergies SE Sponsored ADR $TTE

DekaBank Deutsche Girozentrale bought a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTEFree Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 11,681,649 shares of the company’s stock, valued at approximately $1,103,799,000. TotalEnergies accounts for 1.8% of DekaBank Deutsche Girozentrale’s investment portfolio, making the stock its 6th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of TotalEnergies by 151.0% in the 1st quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock valued at $4,364,000 after buying an additional 40,586 shares during the period. Empowered Funds LLC raised its holdings in TotalEnergies by 2.1% in the first quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock valued at $2,652,000 after acquiring an additional 835 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in TotalEnergies by 17.7% in the second quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock valued at $315,000 after acquiring an additional 774 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in TotalEnergies by 14.9% in the second quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock worth $1,490,000 after acquiring an additional 3,151 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in TotalEnergies by 7.3% in the second quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock worth $12,168,000 after acquiring an additional 13,536 shares during the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Price Performance

TTE stock opened at $81.37 on Monday. The business has a 50 day moving average price of $84.71 and a 200 day moving average price of $81.59. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The stock has a market cap of $195.11 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 2.90 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17.

TotalEnergies (NYSE:TTEGet Free Report) last announced its quarterly 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 company had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. Equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.56 earnings per share for the current fiscal year.

Key Headlines Impacting TotalEnergies

Here are the key news stories impacting TotalEnergies this week:

Wall Street Analysts Forecast Growth

Several research analysts have commented on TTE shares. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. 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 research report on Friday, May 1st. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Finally, Scotiabank increased their target price on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, TotalEnergies presently has a consensus rating of “Moderate Buy” and an average target price of $84.33.

View Our Latest Stock Report on TotalEnergies

TotalEnergies 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.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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