Morningstar Investment Management LLC Makes New $6.85 Million Investment in TotalEnergies SE Sponsored ADR $TTE

Morningstar Investment Management LLC purchased a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 105,091 shares of the company’s stock, valued at approximately $6,852,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. MGO One Seven LLC raised its holdings 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 worth $681,000 after purchasing an additional 137 shares during the last quarter. Clear Creek Financial Management LLC grew its position in 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 buying an additional 150 shares during the period. SkyView Investment Advisors LLC grew its position 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 valued at $495,000 after purchasing an additional 175 shares during the period. OLD National Bancorp IN grew its position 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 valued at $470,000 after purchasing an additional 176 shares during the period. Finally, Valeo Financial Advisors LLC grew its position in shares of TotalEnergies by 1.9% in the third quarter. Valeo Financial Advisors LLC now owns 10,427 shares of the company’s stock valued at $622,000 after purchasing an additional 193 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Down 0.0%

Shares of TTE stock opened at $91.59 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The stock has a market capitalization of $219.59 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 3.25 and a beta of 0.14. The company has a 50 day moving average price of $89.97 and a 200 day moving average price of $76.51. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.26 and a fifty-two week high of $94.17.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data 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. The firm had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. Equities research analysts predict that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on TTE. Zacks Research upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 30th. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Citigroup restated a “buy” rating on shares of TotalEnergies in a report on Thursday, February 12th. TD Cowen restated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Finally, Piper Sandler raised their target price on TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Company 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.