Flossbach Von Storch SE Purchases New Position in TotalEnergies SE Sponsored ADR $TTE
by Amy Steele · The Cerbat GemFlossbach Von Storch SE purchased a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) in the fourth quarter, Holdings Channel reports. The fund purchased 953,936 shares of the company’s stock, valued at approximately $62,288,000.
Other hedge funds also recently bought and sold shares of the company. ARGA Investment Management LP acquired a new stake in TotalEnergies in the fourth quarter valued at approximately $32,368,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of TotalEnergies during the 4th quarter worth approximately $830,000. M&T Bank Corp raised its stake in shares of TotalEnergies by 25.7% during the 4th quarter. M&T Bank Corp now owns 278,756 shares of the company’s stock worth $18,221,000 after buying an additional 56,912 shares during the period. Anchyra Partners LLC purchased a new position in shares of TotalEnergies during the 4th quarter valued at approximately $335,000. Finally, Aprio Wealth Management LLC lifted its position in shares of TotalEnergies by 4.9% during the 4th quarter. Aprio Wealth Management LLC now owns 5,394 shares of the company’s stock valued at $353,000 after buying an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.
TotalEnergies Stock Down 1.0%
Shares of TTE opened at $88.86 on Tuesday. The stock has a 50 day moving average price of $85.62 and a 200 day moving average price of $72.85. TotalEnergies SE Sponsored ADR has a one year low of $56.31 and a one year high of $93.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 0.97. The stock has a market capitalization of $213.05 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 3.90 and a beta of 0.13.
TotalEnergies (NYSE:TTE – Get Free Report) last announced its earnings results on Wednesday, February 11th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.01. The company had revenue of $45.93 billion for the quarter, compared to analysts’ expectations of $36.69 billion. TotalEnergies had a net margin of 6.52% and a return on equity of 13.14%. Equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.65 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Citigroup reaffirmed a “buy” rating on shares of TotalEnergies in a report on Thursday, February 12th. Weiss Ratings reissued a “hold (c)” rating on shares of TotalEnergies in a research note on Wednesday, January 21st. Jefferies Financial Group upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a research report on Thursday, January 8th. Finally, Wall Street Zen raised shares of TotalEnergies to a “hold” rating in a research note on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.97.
Read Our Latest Analysis on TTE
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.
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