Opal Capital LLC Makes New $2.13 Million Investment in TotalEnergies SE Sponsored ADR $TTE

Opal Capital LLC acquired a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, HoldingsChannel reports. The fund acquired 32,492 shares of the company’s stock, valued at approximately $2,126,000.

Other institutional investors have also added to or reduced their stakes in the company. YANKCOM Partnership lifted its stake in TotalEnergies by 146.8% in the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after purchasing an additional 232 shares during the last quarter. MH & Associates Securities Management Corp ADV bought a new stake in TotalEnergies in the fourth quarter worth about $29,000. Lodestone Wealth Management LLC bought a new stake in TotalEnergies in the fourth quarter worth about $32,000. Elyxium Wealth LLC bought a new stake in TotalEnergies in the fourth quarter worth about $33,000. Finally, Colonial Trust Advisors lifted its stake in TotalEnergies by 212.6% in the third quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock worth $37,000 after purchasing an additional 421 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

TTE has been the subject of several analyst reports. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Scotiabank lifted their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Finally, TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $84.33.

TotalEnergies Stock Performance

TotalEnergies stock opened at $84.24 on Wednesday. The company has a 50 day moving average price of $89.93 and a 200-day moving average price of $79.44. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The company has a market capitalization of $201.98 billion, a PE ratio of 12.48, a P/E/G ratio of 2.85 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. As a group, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

TotalEnergies Company 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.