First Interstate Bank Buys New Stake in TotalEnergies SE Sponsored ADR $TTE

First Interstate Bank purchased a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the first quarter, HoldingsChannel.com reports. The fund purchased 7,000 shares of the company’s stock, valued at approximately $637,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. purchased a new position in shares of TotalEnergies during the fourth quarter valued at about $5,337,330,000. Capital International Investors lifted its position in shares of TotalEnergies by 1,438.5% in the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after buying an additional 49,245,192 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of TotalEnergies by 21,398.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock worth $2,641,693,000 after buying an additional 40,192,677 shares in the last quarter. Caisse Des Depots ET Consignations purchased a new stake in shares of TotalEnergies in the fourth quarter worth about $1,982,676,000. Finally, Norges Bank bought a new position in TotalEnergies during the fourth quarter valued at approximately $1,917,626,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Up 1.3%

Shares of TTE stock opened at $79.00 on Thursday. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The stock’s 50 day simple moving average is $86.25 and its two-hundred day simple moving average is $80.89. The company has a market cap of $189.40 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 2.68 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Research analysts predict that TotalEnergies SE Sponsored ADR will post 10.94 earnings per share for the current year.

Wall Street Analyst Weigh In

TTE has been the subject of several research analyst reports. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Wall Street Zen downgraded TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. CICC Research began coverage on shares of TotalEnergies in a report on Tuesday, June 23rd. They issued an “outperform” rating for the company. Finally, Scotiabank boosted their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.33.

About TotalEnergies

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.