250,382 Shares in TotalEnergies SE Sponsored ADR $TTE Bought by Allianz SE

Allianz SE acquired a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 250,382 shares of the company’s stock, valued at approximately $16,347,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TTE. AQR Capital Management LLC raised its position in shares of TotalEnergies by 151.0% in the first quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock worth $4,364,000 after buying an additional 40,586 shares in the last quarter. Empowered Funds LLC raised its position in shares of TotalEnergies by 2.1% in the first quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock worth $2,652,000 after buying an additional 835 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of TotalEnergies by 17.7% in the second quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock worth $315,000 after buying an additional 774 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of 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 buying an additional 3,151 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of 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 buying an additional 13,536 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Scotiabank increased their price objective on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Zacks Research downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Wall Street Zen downgraded TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.33.

TotalEnergies Trading Up 0.4%

NYSE TTE opened at $88.08 on Friday. The stock’s 50-day simple moving average is $90.26 and its two-hundred day simple moving average is $79.07. TotalEnergies SE Sponsored ADR has a twelve month low of $57.39 and a twelve month high of $94.17. 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 company has a market capitalization of $211.19 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 2.97 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $44.58 billion. Research analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

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.