Allianz SE Takes $16.35 Million Position in TotalEnergies SE Sponsored ADR $TTE

Allianz SE acquired a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 have also recently modified their holdings of TTE. Vanguard Group Inc. bought a new position in shares of TotalEnergies during the fourth quarter valued at about $5,337,330,000. Capital International Investors grew its stake in shares of TotalEnergies by 1,438.5% during the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after buying an additional 49,245,192 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of TotalEnergies by 21,398.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after buying an additional 40,192,677 shares during the last quarter. Caisse Des Depots ET Consignations bought a new stake in shares of TotalEnergies in the fourth quarter worth about $1,982,676,000. Finally, Norges Bank bought a new stake in shares of TotalEnergies in the fourth quarter worth about $1,917,626,000. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Performance

Shares of TTE opened at $88.08 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The company has a 50-day simple moving average of $90.26 and a two-hundred day simple moving average of $79.07. The firm has a market capitalization of $211.19 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 2.97 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The business had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. On average, analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on TTE shares. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Wall Street Zen cut TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Scotiabank raised their target price on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and an average 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.