Flossbach Von Storch SE Invests $30.88 Million in TotalEnergies SE Sponsored ADR $TTE

Flossbach Von Storch SE bought a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 397,364 shares of the company’s stock, valued at approximately $30,877,000.

Several other hedge funds have also modified their holdings of the company. Robinswood Financial LLC purchased a new position in TotalEnergies in the first quarter worth $27,000. Elyxium Wealth LLC acquired a new position in TotalEnergies during the 4th quarter valued at about $33,000. SHP Wealth Management purchased a new stake in TotalEnergies in the fourth quarter valued at about $37,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in TotalEnergies in the fourth quarter valued at about $38,000. Finally, Maseco LLP boosted its holdings in TotalEnergies by 119.9% in the first quarter. Maseco LLP now owns 420 shares of the company’s stock worth $38,000 after acquiring an additional 229 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 0.9%

Shares of NYSE:TTE opened at $90.10 on Thursday. The company has a market cap of $216.04 billion, a PE ratio of 11.28, a P/E/G ratio of 3.15 and a beta of 0.14. The company’s 50 day moving average is $82.96 and its two-hundred day moving average is $84.78. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TTE shares. TD Cowen increased their price objective on TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a report on Friday, July 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Weiss Ratings raised shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $85.00 price target on shares of TotalEnergies in a report on Thursday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.14.

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.