Metis Global Partners LLC Makes New $10.51 Million Investment in TotalEnergies SE Sponsored ADR $TTE

Metis Global Partners LLC bought a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 160,858 shares of the company’s stock, valued at approximately $10,509,000.

Other large investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership increased its holdings in TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after purchasing an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV bought a new position in shares of TotalEnergies in the 4th quarter valued at about $29,000. Lodestone Wealth Management LLC bought a new position in shares of TotalEnergies in the 4th quarter valued at about $32,000. Elyxium Wealth LLC bought a new position in shares of TotalEnergies in the 4th quarter valued at about $33,000. Finally, Colonial Trust Advisors increased its holdings in shares of TotalEnergies by 212.6% during the third quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock worth $37,000 after purchasing an additional 421 shares during the period. Institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

TTE has been the topic of several recent research reports. Zacks Research cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. 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. Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Stock Performance

Shares of NYSE:TTE opened at $88.59 on Thursday. The company’s 50 day simple moving average is $90.36 and its 200 day simple moving average is $78.84. The stock has a market capitalization of $212.42 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 3.00 and a beta of 0.12. 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.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The business had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. As a group, research analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

TotalEnergies 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.