Public Employees Retirement System of Ohio Takes $92.03 Million Position in TotalEnergies SE Sponsored ADR $TTE

Public Employees Retirement System of Ohio bought a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 1,183,602 shares of the company’s stock, valued at approximately $92,035,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Robinswood Financial LLC purchased a new position in shares of TotalEnergies in the first quarter valued at $27,000. Elyxium Wealth LLC acquired a new stake in TotalEnergies during the 4th quarter valued at $33,000. SHP Wealth Management purchased a new stake in TotalEnergies during the 4th quarter worth $37,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in TotalEnergies in the 4th quarter worth $38,000. Finally, Maseco LLP lifted its holdings in TotalEnergies by 119.9% in the 1st quarter. Maseco LLP now owns 420 shares of the company’s stock worth $38,000 after buying an additional 229 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Price Performance

Shares of TTE stock opened at $86.40 on Friday. The firm has a fifty day moving average of $83.47 and a two-hundred day moving average of $85.43. The firm has a market cap of $207.17 billion, a P/E ratio of 10.81, a P/E/G ratio of 3.08 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 1-year low of $57.39 and a 1-year high of $94.17. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85.

TotalEnergies (NYSE:TTE) last issued its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. The business had revenue of $57.10 billion for 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Zacks Research downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings upgraded TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Mizuho started coverage on TotalEnergies in a report on Monday, July 20th. They issued an “outperform” rating and a $103.00 price target for the company. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Finally, Piper Sandler restated a “neutral” rating and set a $85.00 price objective on shares of TotalEnergies in a report on Thursday, July 23rd. Eleven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, TotalEnergies presently has an average 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.