Plato Investment Management Ltd Buys New Position in TotalEnergies SE Sponsored ADR $TTE

Plato Investment Management Ltd purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,447 shares of the company’s stock, valued at approximately $1,349,000.

Several other large investors have also bought and sold shares of TTE. Amundi purchased a new position in TotalEnergies during the first quarter worth about $18,868,822,000. Vanguard Group Inc. bought a new position in shares of TotalEnergies during the 4th quarter worth approximately $5,337,330,000. Capital International Investors boosted its stake in shares of TotalEnergies by 1,438.5% in the 4th 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 last quarter. Caisse Des Depots ET Consignations purchased a new position in shares of TotalEnergies in the 4th quarter worth approximately $1,982,676,000. Finally, Norges Bank bought a new position in shares of TotalEnergies in the fourth quarter valued at approximately $1,917,626,000. 16.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen raised TotalEnergies from a “hold” rating to a “buy” rating in a research report on Saturday. Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. TD Cowen boosted their price target on shares of TotalEnergies from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Mizuho assumed coverage on shares of TotalEnergies in a report on Monday, July 20th. They set an “outperform” rating and a $103.00 price objective for the company. Eleven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.14.

TotalEnergies Trading Up 0.3%

Shares of TotalEnergies stock opened at $88.61 on Tuesday. The stock has a market capitalization of $212.46 billion, a P/E ratio of 11.09, a P/E/G ratio of 3.12 and a beta of 0.13. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. The stock’s 50-day simple moving average is $82.92 and its 200 day simple moving average is $84.54.

TotalEnergies (NYSE:TTE) last posted its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The firm had revenue of $57.10 billion during the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. As a group, research analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.65 EPS for the current year.

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.