1,664,215 Shares in TotalEnergies SE Sponsored ADR $TTE Purchased by Man Group plc

Man Group plc acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the fourth quarter, Holdings Channel.com reports. The fund acquired 1,664,215 shares of the company’s stock, valued at approximately $108,653,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. YANKCOM Partnership raised its holdings in shares of TotalEnergies by 146.8% in the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after acquiring an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV purchased a new stake in shares of TotalEnergies in the 4th quarter valued at about $29,000. Lodestone Wealth Management LLC purchased a new stake in shares of TotalEnergies in the 4th quarter valued at about $32,000. Elyxium Wealth LLC purchased a new stake in shares of TotalEnergies in the 4th quarter valued at about $33,000. Finally, Colonial Trust Advisors raised its holdings in shares of TotalEnergies by 212.6% in the 3rd quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock valued at $37,000 after acquiring an additional 421 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $82.26 on Thursday. The stock has a market cap of $197.23 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 2.85 and a beta of 0.12. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. TotalEnergies SE Sponsored ADR has a 1-year low of $57.39 and a 1-year high of $94.17. The stock’s 50-day moving average is $89.73 and its 200 day moving average is $79.55.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $49.52 billion for 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%. On average, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on TTE. Wall Street Zen cut TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Finally, Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Nine 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 company’s stock. According to data from MarketBeat.com, TotalEnergies presently has a consensus rating of “Hold” and a consensus target price of $84.33.

About TotalEnergies

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.