DekaBank Deutsche Girozentrale Invests $1.10 Billion in TotalEnergies SE Sponsored ADR $TTE

DekaBank Deutsche Girozentrale acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTEFree Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,681,649 shares of the company’s stock, valued at approximately $1,103,799,000. TotalEnergies comprises approximately 1.8% of DekaBank Deutsche Girozentrale’s investment portfolio, making the stock its 6th biggest position. DekaBank Deutsche Girozentrale owned 0.49% of TotalEnergies at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in TotalEnergies in the fourth quarter valued at about $5,337,330,000. Capital International Investors boosted its stake 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 buying an additional 49,245,192 shares during the period. Massachusetts Financial Services Co. MA increased its position 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 acquiring an additional 40,192,677 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new stake in shares of TotalEnergies during the fourth quarter valued at about $1,982,676,000. Finally, Norges Bank acquired a new stake in shares of TotalEnergies during the fourth quarter valued at about $1,917,626,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Down 0.0%

Shares of NYSE:TTE opened at $81.37 on Monday. The firm has a market capitalization of $195.11 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 2.90 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The firm’s 50-day moving average is $84.71 and its two-hundred day moving average is $81.59.

TotalEnergies (NYSE:TTEGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. The business had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. Analysts predict that TotalEnergies SE Sponsored ADR will post 10.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TTE shares. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Wall Street Zen downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. TD Cowen restated a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Finally, Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

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About TotalEnergies

(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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