Metis Global Partners LLC Invests $10.51 Million in TotalEnergies SE Sponsored ADR $TTE

Metis Global Partners LLC bought a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 160,858 shares of the company’s stock, valued at approximately $10,509,000.

Several other institutional investors and hedge funds have also modified their holdings of TTE. MGO One Seven LLC lifted its holdings in TotalEnergies by 1.3% during the 4th quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock worth $681,000 after buying an additional 137 shares in the last quarter. Clear Creek Financial Management LLC lifted its stake in shares of TotalEnergies by 2.4% in 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 period. Bruce G. Allen Investments LLC lifted its stake in shares of TotalEnergies by 4.4% in the 4th quarter. Bruce G. Allen Investments LLC now owns 4,091 shares of the company’s stock valued at $268,000 after purchasing an additional 172 shares during the period. SkyView Investment Advisors LLC lifted its stake in shares of TotalEnergies by 2.2% in 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 period. Finally, OLD National Bancorp IN lifted its stake in shares of TotalEnergies by 2.5% in 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 period. 16.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TTE shares. Piper Sandler increased their price target on TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Citigroup reissued a “buy” rating on shares of TotalEnergies in a research note on Thursday, February 12th. JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Price Performance

TTE opened at $88.59 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The company has a fifty day simple moving average of $90.36 and a 200 day simple moving average of $78.84. The stock has a market cap of $212.42 billion, a P/E ratio of 13.12, a P/E/G ratio of 3.00 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The business had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. On average, research analysts expect that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current year.

TotalEnergies 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.