Opal Capital LLC Purchases Shares of 32,492 TotalEnergies SE Sponsored ADR $TTE

Opal Capital LLC purchased a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 32,492 shares of the company’s stock, valued at approximately $2,126,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TTE. Vanguard Group Inc. bought a new stake in TotalEnergies during the fourth quarter valued at about $5,337,330,000. Capital International Investors grew its position in shares of TotalEnergies by 1,438.5% during 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 in the last quarter. Massachusetts Financial Services Co. MA grew 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 purchasing an additional 40,192,677 shares in the last quarter. Caisse Des Depots ET Consignations purchased a new position in shares of TotalEnergies during the fourth quarter valued at about $1,982,676,000. Finally, Norges Bank purchased a new position in shares of TotalEnergies during the fourth quarter valued at about $1,917,626,000. 16.53% of the stock is owned by institutional investors.

TotalEnergies Trading Up 0.2%

TTE opened at $84.24 on Wednesday. The firm has a market cap of $201.98 billion, a P/E ratio of 12.48, a P/E/G ratio of 2.85 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average of $89.93 and a 200 day moving average of $79.44.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 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 analyst estimates 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 forecast that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TTE shares. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. TD Cowen restated a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Finally, Scotiabank lifted their price target on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $84.33.

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.