Maryland State Retirement & Pension System Buys 48,698 Shares of TotalEnergies SE Sponsored ADR $TTE

Maryland State Retirement & Pension System grew its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 17.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 326,985 shares of the company’s stock after buying an additional 48,698 shares during the quarter. Maryland State Retirement & Pension System’s holdings in TotalEnergies were worth $30,599,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. purchased a new position in shares of TotalEnergies during the 4th quarter valued at about $5,337,330,000. Capital International Investors increased its holdings in 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 acquiring an additional 49,245,192 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in TotalEnergies by 21,398.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock worth $2,641,693,000 after acquiring an additional 40,192,677 shares in the last quarter. Caisse Des Depots ET Consignations bought a new stake in TotalEnergies during the 4th quarter worth approximately $1,982,676,000. Finally, Norges Bank bought a new stake in TotalEnergies during the 4th quarter worth approximately $1,917,626,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. BNP Paribas Exane upgraded shares of 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 note on Monday, April 20th. Finally, Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Stock Performance

NYSE TTE opened at $80.98 on Wednesday. The stock has a market capitalization of $194.17 billion, a PE ratio of 12.00, a P/E/G ratio of 2.89 and a beta of 0.14. The business has a 50 day simple moving average of $85.24 and a two-hundred day simple moving average of $81.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. TotalEnergies SE Sponsored ADR has a 1-year low of $57.39 and a 1-year high of $94.17.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.23. The business 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, research analysts predict that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current fiscal 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.