162,986 Shares in TotalEnergies SE Sponsored ADR $TTE Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 162,986 shares of the company’s stock, valued at approximately $10,641,000.

Other institutional investors have also added to or reduced their stakes in the company. YANKCOM Partnership grew its holdings in TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after buying an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV purchased a new position in TotalEnergies during the 4th quarter valued at approximately $29,000. Lodestone Wealth Management LLC purchased a new position in TotalEnergies during the 4th quarter valued at approximately $32,000. Elyxium Wealth LLC purchased a new position in TotalEnergies during the 4th quarter valued at approximately $33,000. Finally, Colonial Trust Advisors grew its holdings in TotalEnergies by 212.6% during the 3rd quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock valued at $37,000 after buying an additional 421 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

NYSE:TTE opened at $84.23 on Tuesday. The firm has a market capitalization of $201.95 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 2.99 and a beta of 0.12. 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 simple moving average of $90.09 and a 200-day simple moving average of $79.31. 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 (NYSE:TTE) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The firm had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. Equities analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TTE shares. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Scotiabank raised their price objective on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Wall Street Zen lowered TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, TotalEnergies currently has a consensus rating of “Hold” and an average price target of $84.33.

TotalEnergies Company 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.