M&G PLC Buys 39,878 Shares of TotalEnergies SE Sponsored ADR $TTE

M&G PLC boosted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,994,150 shares of the company’s stock after acquiring an additional 39,878 shares during the quarter. TotalEnergies accounts for 1.3% of M&G PLC’s portfolio, making the stock its 19th largest position. M&G PLC’s holdings in TotalEnergies were worth $257,855,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of TTE. BIP Wealth LLC lifted its position in shares of TotalEnergies by 4.0% in the third quarter. BIP Wealth LLC now owns 2,896 shares of the company’s stock worth $248,000 after purchasing an additional 111 shares in the last quarter. Visionary Horizons LLC raised its holdings in TotalEnergies by 3.4% during the third quarter. Visionary Horizons LLC now owns 3,396 shares of the company’s stock worth $290,000 after acquiring an additional 112 shares in the last quarter. Obermeyer Wealth Partners boosted its position in TotalEnergies by 0.6% during the third quarter. Obermeyer Wealth Partners now owns 20,591 shares of the company’s stock valued at $1,765,000 after purchasing an additional 119 shares during the last quarter. Bryn Mawr Trust Advisors LLC raised its stake in shares of TotalEnergies by 3.6% during the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 3,768 shares of the company’s stock worth $322,000 after purchasing an additional 132 shares in the last quarter. Finally, Crumly & Associates Inc. boosted its holdings in shares of TotalEnergies by 1.6% in the 3rd quarter. Crumly & Associates Inc. now owns 9,206 shares of the company’s stock valued at $787,000 after buying an additional 148 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TTE. Barclays reaffirmed an “overweight” rating on shares of TotalEnergies in a research report on Monday, October 5th. Weiss Ratings raised shares of TotalEnergies from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday, November 4th. Piper Sandler increased their target price on TotalEnergies from $84.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. Morgan Stanley cut TotalEnergies from an “overweight” rating to an “equal weight” rating and set a $90.00 price target for the company. in a report on Thursday, September 3rd. Finally, TD Cowen reduced their price target on TotalEnergies from $108.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average price target of $96.00.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $87.89 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.11 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $89.81 and a 200 day simple moving average of $85.77. TotalEnergies SE Sponsored ADR has a twelve month low of $61.95 and a twelve month high of $95.78. The company has a market capitalization of $210.74 billion, a PE ratio of 8.78 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Friday, October 30th. The company reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.84 by $0.19. The company had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $55.39 billion. TotalEnergies had a return on equity of 19.08% and a net margin of 9.61%. On average, sell-side analysts forecast that TotalEnergies SE Sponsored ADR will post 12.72 EPS for the current year.

TotalEnergies Company Profile

TotalEnergies SE is a France-based integrated energy company with operations spanning the oil and natural gas value chain. Its activities include exploring for and producing hydrocarbons, processing and refining them, and supplying energy products to customers.

The company also markets natural gas, including liquefied natural gas, and operates in electricity generation and renewable energy. Its portfolio includes solar and wind power, as well as energy storage and related services.

Founded in 1924 as Compagnie française des pétroles, the company has expanded and evolved through acquisitions and business changes.