TotalEnergies SE Sponsored ADR $TTE Shares Acquired by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. grew its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 16.9% during the 2nd quarter, Holdings Channel reports. The fund owned 153,140 shares of the company’s stock after purchasing an additional 22,103 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in TotalEnergies were worth $11,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Amundi acquired a new position in shares of TotalEnergies in the 1st quarter valued at about $18,868,822,000. Vanguard Group Inc. acquired a new stake in TotalEnergies during the fourth quarter worth about $5,337,330,000. Capital International Investors grew its holdings in TotalEnergies by 1,438.5% during the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after acquiring an additional 49,245,192 shares during the period. Caisse Des Depots ET Consignations purchased a new position in TotalEnergies during the fourth quarter valued at approximately $1,982,676,000. Finally, Norges Bank purchased a new position in TotalEnergies during the fourth quarter valued at approximately $1,917,626,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

TTE has been the topic of several recent research reports. CICC Research started coverage on TotalEnergies in a research report on Tuesday, June 23rd. They issued an “outperform” rating on the stock. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Weiss Ratings raised shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Finally, Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Eleven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $87.14.

TotalEnergies Stock Performance

Shares of TTE stock opened at $87.61 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17. The business’s 50 day moving average is $82.98 and its two-hundred day moving average is $84.16. The company has a market capitalization of $210.06 billion, a P/E ratio of 10.96, a P/E/G ratio of 3.10 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. The business had revenue of $57.10 billion during the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. Analysts expect that TotalEnergies SE Sponsored ADR will post 10.65 EPS for the current fiscal year.

TotalEnergies 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.