6,730 Shares in TotalEnergies SE Sponsored ADR $TTE Bought by Decker Wealth Management LLC

Decker Wealth Management LLC bought a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTEFree Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 6,730 shares of the company’s stock, valued at approximately $612,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. bought a new position in shares of TotalEnergies during the fourth quarter worth about $5,337,330,000. Capital International Investors lifted its stake in TotalEnergies by 1,438.5% in the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after acquiring an additional 49,245,192 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in TotalEnergies by 21,398.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after acquiring an additional 40,192,677 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new position in TotalEnergies during the 4th quarter worth approximately $1,982,676,000. Finally, Norges Bank acquired a new position in TotalEnergies during the 4th quarter worth approximately $1,917,626,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Down 0.0%

Shares of TTE stock opened at $81.37 on Monday. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17. The stock has a market cap of $195.11 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 2.90 and a beta of 0.14. The firm’s 50-day moving average is $84.71 and its 200-day moving average is $81.59. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08.

TotalEnergies (NYSE:TTEGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The business 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%. Sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 10.56 EPS for the current year.

TotalEnergies News Roundup

Here are the key news stories impacting TotalEnergies this week:

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TTE shares. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. CICC Research began coverage on shares of TotalEnergies in a research report on Tuesday, June 23rd. They issued an “outperform” rating on the stock. Zacks Research cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Finally, Scotiabank lifted their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

View Our Latest Report on TTE

TotalEnergies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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