Mitsubishi UFJ Trust & Banking Corp Buys Shares of 12,828 TotalEnergies SE Sponsored ADR $TTE

Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, Holdings Channel reports. The institutional investor bought 12,828 shares of the company’s stock, valued at approximately $830,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TTE. Vanguard Group Inc. bought a new stake in shares of TotalEnergies during the 4th quarter valued at $5,337,330,000. Massachusetts Financial Services Co. MA raised its position in shares of TotalEnergies by 21,398.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after acquiring an additional 40,192,677 shares during the last quarter. Bank of Italy bought a new stake in shares of TotalEnergies during the 4th quarter valued at $422,957,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of TotalEnergies by 160,812,400.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,608,125 shares of the company’s stock valued at $104,991,000 after acquiring an additional 1,608,124 shares during the last quarter. Finally, Pictet Asset Management Holding SA bought a new stake in shares of TotalEnergies during the 4th quarter valued at $97,600,000. Institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on TTE. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Citigroup reiterated a “buy” rating on shares of TotalEnergies in a research report on Thursday, February 12th. TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Piper Sandler boosted their price target on shares of TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Finally, Freedom Capital lowered shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.97.

TotalEnergies Price Performance

Shares of TTE stock opened at $93.53 on Wednesday. TotalEnergies SE Sponsored ADR has a 12-month low of $57.19 and a 12-month high of $93.67. The firm has a market capitalization of $224.24 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 3.46 and a beta of 0.14. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average of $86.82 and a 200-day moving average of $73.80.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.23. The company had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. On average, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 10.03 earnings per share for the current year.

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.