Strategic Investment Advisors MI Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Strategic Investment Advisors MI bought a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 1st quarter, Holdings Channel reports. The firm bought 21,681 shares of the company’s stock, valued at approximately $1,973,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Aberdeen Group plc boosted its holdings in TotalEnergies by 14.5% in the fourth quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock worth $25,124,000 after purchasing an additional 48,640 shares during the last quarter. ABN AMRO Bank N.V. purchased a new stake in TotalEnergies during the 4th quarter valued at $122,831,000. Assetmark Inc. lifted its holdings in shares of TotalEnergies by 8.1% during the 4th quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock valued at $16,124,000 after buying an additional 18,480 shares during the period. Vanguard Group Inc. bought a new position in shares of TotalEnergies during the 4th quarter valued at $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of TotalEnergies in the 4th quarter worth $830,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Up 3.1%

Shares of TTE stock opened at $86.76 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85. The company has a market cap of $208.03 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 3.00 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. The firm has a fifty day moving average price of $83.54 and a 200-day moving average price of $82.71.

TotalEnergies (NYSE:TTE) last announced its earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. The company had revenue of $57.10 billion for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. As a group, equities analysts predict that TotalEnergies SE Sponsored ADR will post 10.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Scotiabank increased their target price on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. TD Cowen raised their target price on TotalEnergies from $102.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Zacks Research downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Weiss Ratings raised shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, TotalEnergies has an average rating of “Moderate Buy” and a consensus target price of $87.14.

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.