Towarzystwo Funduszy Inwestycyjnych PZU SA Purchases New Stake in TotalEnergies SE Sponsored ADR $TTE

Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,510 shares of the company’s stock, valued at approximately $425,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TTE. Vanguard Group Inc. acquired a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $5,337,330,000. Capital International Investors increased its holdings in shares of TotalEnergies by 1,438.5% in the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after purchasing an additional 49,245,192 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of TotalEnergies by 21,398.0% in 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 purchasing an additional 40,192,677 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $1,982,676,000. Finally, Norges Bank acquired a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $1,917,626,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Price Performance

TTE stock opened at $88.08 on Monday. The business has a fifty day moving average of $90.26 and a two-hundred day moving average of $79.17. 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 stock has a market cap of $211.19 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 2.99 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.23. The company had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. As a group, research analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TTE has been the subject of several recent research reports. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen cut TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Piper Sandler raised their target price on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus target price 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.