TotalEnergies SE Sponsored ADR $TTE Shares Newly Acquired by Vision Financial Markets LLC

Vision Financial Markets LLC acquired a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,200 shares of the company’s stock, valued at approximately $872,000. TotalEnergies makes up 0.6% of Vision Financial Markets LLC’s portfolio, making the stock its 26th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Amundi bought a new stake in TotalEnergies during the first quarter worth approximately $18,868,822,000. DekaBank Deutsche Girozentrale bought a new position in shares of TotalEnergies in the first quarter valued at approximately $1,103,799,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of TotalEnergies in the first quarter worth $378,821,000. Janus Henderson Group PLC lifted its stake in shares of TotalEnergies by 25.2% in the first quarter. Janus Henderson Group PLC now owns 11,349,122 shares of the company’s stock worth $1,055,775,000 after buying an additional 2,287,500 shares during the last quarter. Finally, DJE Kapital AG boosted its holdings in shares of TotalEnergies by 91.1% during the 1st quarter. DJE Kapital AG now owns 3,052,518 shares of the company’s stock worth $282,461,000 after buying an additional 1,455,230 shares during the period. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

Shares of TTE traded up $1.84 during mid-day trading on Friday, hitting $92.80. The company’s stock had a trading volume of 2,244,594 shares, compared to its average volume of 2,575,450. The stock’s 50-day moving average is $89.15 and its two-hundred day moving average is $87.34. The firm has a market capitalization of $222.50 billion, a PE ratio of 11.61 and a beta of 0.18. 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 one year low of $60.58 and a one year high of $94.17.

TotalEnergies (NYSE:TTE) last announced its 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%. As a group, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 12.60 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. TD Cowen lowered their target price on shares of TotalEnergies from $108.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. Weiss Ratings reissued a “buy (b)” rating on shares of TotalEnergies in a research report on Thursday. Barclays reissued an “overweight” rating on shares of TotalEnergies in a research report on Monday, October 5th. Morgan Stanley set a $90.00 price target on shares of TotalEnergies and gave the company an “equal weight” rating in a report on Thursday, September 3rd. Finally, JPMorgan Chase & Co. downgraded TotalEnergies from an “overweight” rating to a “neutral” rating in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and an average target price of $92.71.

TotalEnergies Company Profile

TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company’s activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.