Schuylkill Financial LLC Acquires 10,211 Shares of TotalEnergies SE Sponsored ADR $TTE

Schuylkill Financial LLC acquired a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 10,211 shares of the company’s stock, valued at approximately $873,000.

Other hedge funds have also recently bought and sold shares of the company. Generali Investments CEE investicni spolecnost a.s. boosted its holdings in TotalEnergies by 16.9% in the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 153,140 shares of the company’s stock valued at $11,900,000 after acquiring an additional 22,103 shares during the last quarter. QRG Capital Management Inc. increased its position in TotalEnergies by 47.9% in the second quarter. QRG Capital Management Inc. now owns 114,663 shares of the company’s stock worth $8,916,000 after purchasing an additional 37,112 shares during the period. Plato Investment Management Ltd bought a new stake in TotalEnergies during the 2nd quarter worth about $1,349,000. Flossbach Von Storch SE bought a new stake in TotalEnergies during the 2nd quarter worth about $30,877,000. Finally, Public Employees Retirement System of Ohio acquired a new position in TotalEnergies during the 2nd quarter valued at about $92,035,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Trading Up 0.4%

Shares of TotalEnergies stock traded up $0.33 during trading on Wednesday, hitting $90.41. 900,947 shares of the company were exchanged, compared to its average volume of 1,795,297. The firm has a market capitalization of $216.77 billion, a P/E ratio of 11.33 and a beta of 0.18. TotalEnergies SE Sponsored ADR has a 1-year low of $60.58 and a 1-year high of $94.17. The firm’s fifty day moving average price is $88.92 and its 200 day moving average price is $87.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. The company 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%. As a group, sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 12.40 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TTE. Wall Street Zen raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Monday, August 31st. HSBC raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Friday, September 25th. JPMorgan Chase & Co. lowered shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a report on Wednesday, September 23rd. Barclays reaffirmed an “overweight” rating on shares of TotalEnergies in a research note on Monday, October 5th. Finally, Mizuho set a $108.00 price objective on shares of TotalEnergies in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, TotalEnergies has an average rating of “Moderate Buy” and an average target price of $92.71.

About TotalEnergies

TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company’s activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.