Intech Investment Management LLC Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Intech Investment Management LLC acquired a new position in TotalEnergies SE Sponsored ADR (NYSE:TTEFree Report) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 161,757 shares of the company’s stock, valued at approximately $10,561,000.

Several other large investors have also recently modified their holdings of the stock. MGO One Seven LLC increased its position in shares of TotalEnergies by 1.3% during the 4th quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock valued at $681,000 after purchasing an additional 137 shares during the last quarter. Clear Creek Financial Management LLC increased its position in shares of TotalEnergies by 2.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock valued at $414,000 after purchasing an additional 150 shares during the last quarter. SkyView Investment Advisors LLC increased its position in shares of TotalEnergies by 2.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company’s stock valued at $495,000 after purchasing an additional 175 shares during the last quarter. OLD National Bancorp IN increased its position in shares of TotalEnergies by 2.5% during the 4th quarter. OLD National Bancorp IN now owns 7,189 shares of the company’s stock valued at $470,000 after purchasing an additional 176 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its position in shares of TotalEnergies by 1.9% during the 3rd quarter. Valeo Financial Advisors LLC now owns 10,427 shares of the company’s stock valued at $622,000 after purchasing an additional 193 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Key Headlines Impacting TotalEnergies

Here are the key news stories impacting TotalEnergies this week:

TotalEnergies Price Performance

TTE opened at $87.39 on Friday. The business has a fifty day moving average of $90.45 and a 200 day moving average of $77.35. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17. 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 stock has a market cap of $209.52 billion, a P/E ratio of 12.95, a PEG ratio of 3.10 and a beta of 0.14.

TotalEnergies (NYSE:TTEGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The company had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. As a group, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Citigroup reissued a “buy” rating on shares of TotalEnergies in a research report on Thursday, February 12th. JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Freedom Capital downgraded TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, February 13th. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Finally, Zacks Research downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and an average price target of $84.33.

Check Out Our Latest Analysis on TotalEnergies

TotalEnergies Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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