Maryland State Retirement & Pension System Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Maryland State Retirement & Pension System purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 278,287 shares of the company’s stock, valued at approximately $18,169,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YANKCOM Partnership increased its stake in TotalEnergies by 146.8% during the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after acquiring an additional 232 shares during the last quarter. MH & Associates Securities Management Corp ADV acquired a new stake in TotalEnergies during the fourth quarter worth about $29,000. Lodestone Wealth Management LLC acquired a new stake in TotalEnergies during the fourth quarter worth about $32,000. Elyxium Wealth LLC acquired a new stake in TotalEnergies during the fourth quarter worth about $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in TotalEnergies during the fourth quarter worth about $38,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Wall Street Zen downgraded TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Finally, BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $84.33.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $84.24 on Wednesday. TotalEnergies SE Sponsored ADR has a 1-year low of $57.39 and a 1-year high of $94.17. The business has a 50-day moving average of $89.93 and a 200-day moving average of $79.44. 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 company has a market capitalization of $201.98 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 2.85 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. On average, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

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.