Mediolanum International Funds Ltd Purchases Shares of 501,757 TotalEnergies SE Sponsored ADR $TTE

Mediolanum International Funds Ltd purchased a new position in TotalEnergies SE Sponsored ADR (NYSE:TTEFree Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 501,757 shares of the company’s stock, valued at approximately $46,610,000.

Several other institutional investors have also recently made changes to their positions in the stock. AQR Capital Management LLC grew its stake in shares of TotalEnergies by 151.0% during the 1st quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock valued at $4,364,000 after acquiring an additional 40,586 shares during the period. Empowered Funds LLC increased its holdings in TotalEnergies by 2.1% in the 1st quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock worth $2,652,000 after acquiring an additional 835 shares in the last quarter. Sivia Capital Partners LLC raised its stake in TotalEnergies by 17.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock worth $315,000 after acquiring an additional 774 shares during the period. Russell Investments Group Ltd. raised its stake in TotalEnergies by 14.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock worth $1,490,000 after acquiring an additional 3,151 shares during the period. Finally, Invesco Ltd. lifted its holdings in TotalEnergies by 7.3% during the second quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock valued at $12,168,000 after purchasing an additional 13,536 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TTE shares. CICC Research assumed coverage on shares of TotalEnergies in a research report on Tuesday, June 23rd. They issued an “outperform” rating for the company. Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, Scotiabank boosted their price objective on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $84.33.

View Our Latest Stock Report on TotalEnergies

TotalEnergies Trading Up 3.2%

Shares of TTE opened at $81.37 on Friday. 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. The company has a 50 day simple moving average of $84.71 and a two-hundred day simple moving average of $81.48. The firm has a market cap of $195.11 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 2.90 and a beta of 0.14.

TotalEnergies (NYSE:TTEGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The firm had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. On average, equities analysts expect that TotalEnergies SE Sponsored ADR will post 10.56 earnings per share for the current fiscal year.

Key Headlines Impacting TotalEnergies

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TotalEnergies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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