Quantinno Capital Management LP Purchases 50,040 Shares of TotalEnergies SE Sponsored ADR $TTE

Quantinno Capital Management LP raised its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 20.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 297,798 shares of the company’s stock after buying an additional 50,040 shares during the period. Quantinno Capital Management LP’s holdings in TotalEnergies were worth $27,196,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. YANKCOM Partnership grew its position in shares of TotalEnergies by 146.8% in the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after buying an additional 232 shares during the last quarter. MH & Associates Securities Management Corp ADV bought a new position in shares of TotalEnergies during the 4th quarter worth approximately $29,000. Lodestone Wealth Management LLC purchased a new stake in TotalEnergies during the fourth quarter valued at approximately $32,000. Elyxium Wealth LLC purchased a new stake in TotalEnergies during the fourth quarter valued at approximately $33,000. Finally, SHP Wealth Management acquired a new stake in TotalEnergies in the fourth quarter valued at approximately $37,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Up 1.3%

NYSE:TTE opened at $88.12 on Friday. The company has a market cap of $211.29 billion, a PE ratio of 11.03, a P/E/G ratio of 3.10 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a twelve month low of $57.39 and a twelve month high of $94.17. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $83.36 and its two-hundred day moving average is $82.91.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. The business had revenue of $57.10 billion for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. Analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TTE. Wall Street Zen lowered shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Piper Sandler reissued a “neutral” rating and issued a $85.00 price objective on shares of TotalEnergies in a research report on Thursday, July 23rd. Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Finally, Mizuho began coverage on TotalEnergies in a research report on Monday, July 20th. They set an “outperform” rating and a $103.00 target price on the stock. Eleven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.14.

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.