denkapparat Operations GmbH Buys 7,680 Shares of TotalEnergies SE Sponsored ADR $TTE

denkapparat Operations GmbH increased its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 66.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,268 shares of the company’s stock after acquiring an additional 7,680 shares during the period. denkapparat Operations GmbH’s holdings in TotalEnergies were worth $1,497,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Amundi bought a new stake in shares of TotalEnergies during the 1st quarter worth approximately $18,868,822,000. Capital International Investors raised its position in TotalEnergies by 1,438.5% during the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after acquiring an additional 49,245,192 shares in the last quarter. Norges Bank acquired a new stake in TotalEnergies in the fourth quarter valued at $1,917,626,000. Legal & General Group Plc bought a new position in shares of TotalEnergies in the 4th quarter valued at about $967,692,000. Finally, FIL Ltd bought a new stake in shares of TotalEnergies in the 4th quarter valued at about $943,077,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Down 1.1%

TTE stock opened at $89.22 on Friday. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. 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 stock has a market capitalization of $213.92 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 3.19 and a beta of 0.13. The business’s fifty day moving average price is $84.39 and its two-hundred day moving average price is $85.89.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The business had revenue of $57.10 billion for the quarter. On average, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

TTE has been the subject of several recent analyst reports. CICC Research started coverage on shares of TotalEnergies in a research note on Tuesday, June 23rd. They issued an “outperform” rating for the company. Piper Sandler lifted their target price on TotalEnergies from $84.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday. Weiss Ratings upgraded TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Morgan Stanley set a $90.00 price objective on shares of TotalEnergies in a research report on Thursday. Finally, TD Cowen increased their price objective on shares of TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Eleven investment 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’s stock. According to MarketBeat.com, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

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.