Larry Mathis Financial Planning LLC Takes $474,000 Position in TotalEnergies SE Sponsored ADR $TTE

Larry Mathis Financial Planning LLC purchased a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,246 shares of the company’s stock, valued at approximately $474,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new position in shares of TotalEnergies in the 4th quarter worth about $5,337,330,000. Capital International Investors grew its position in shares of TotalEnergies by 1,438.5% during the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after buying an additional 49,245,192 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of TotalEnergies by 21,398.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after buying an additional 40,192,677 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new stake in TotalEnergies during the fourth quarter worth about $1,982,676,000. Finally, Norges Bank bought a new position in TotalEnergies in the fourth quarter worth about $1,917,626,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $80.47 on Friday. The firm’s 50 day moving average is $89.34 and its two-hundred day moving average is $79.66. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The firm has a market capitalization of $192.95 billion, a P/E ratio of 11.92, a PEG ratio of 2.73 and a beta of 0.12. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41.

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. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The business had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. Analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TTE shares. Piper Sandler increased their price target on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Wall Street Zen upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Finally, Zacks Research lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Nine research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $84.33.

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.