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

denkapparat Operations GmbH boosted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 66.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,268 shares of the company’s stock after acquiring an additional 7,680 shares during the quarter. denkapparat Operations GmbH’s holdings in TotalEnergies were worth $1,497,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of analysts have commented on TTE shares. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. CICC Research assumed coverage on TotalEnergies in a research note on Tuesday, June 23rd. They issued an “outperform” rating on the stock. TD Cowen upped their price target on TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Morgan Stanley set a $90.00 price objective on shares of TotalEnergies in a research note on Thursday. Finally, Wall Street Zen raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Monday. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.50.

TotalEnergies Stock Performance

Shares of TTE stock opened at $89.22 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The company’s 50 day moving average price is $84.39 and its two-hundred day moving average price is $85.89. The company has a market capitalization of $213.92 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 3.19 and a beta of 0.13.

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

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.