Manning & Napier Advisors LLC Purchases Shares of 90,877 TotalEnergies SE Sponsored ADR $TTE

Manning & Napier Advisors LLC acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 90,877 shares of the company’s stock, valued at approximately $7,067,000.

A number of other large investors have also recently made changes to their positions in TTE. Cullen Capital Management LLC acquired a new position in shares of TotalEnergies during the second quarter valued at about $55,908,000. Flossbach Von Storch SE acquired a new stake in shares of TotalEnergies in the 2nd quarter worth about $30,877,000. Plato Investment Management Ltd acquired a new stake in shares of TotalEnergies in the 2nd quarter worth about $1,349,000. Rosenberg Matthew Hamilton lifted its position in TotalEnergies by 6.5% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 4,010 shares of the company’s stock valued at $312,000 after acquiring an additional 244 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in TotalEnergies by 10.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 15,800 shares of the company’s stock valued at $1,229,000 after acquiring an additional 1,448 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Down 0.5%

TTE stock opened at $89.46 on Tuesday. The stock has a market cap of $214.51 billion, a P/E ratio of 11.20, a P/E/G ratio of 3.17 and a beta of 0.13. 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 stock’s fifty day simple moving average is $83.16 and its two-hundred day simple moving average is $85.15. TotalEnergies SE Sponsored ADR has a 1-year low of $57.39 and a 1-year high of $94.17.

TotalEnergies (NYSE:TTE) last released its earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%.The company had revenue of $57.10 billion for the quarter. Analysts expect that TotalEnergies SE Sponsored ADR will post 10.65 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on TTE shares. Wall Street Zen lowered TotalEnergies from a “buy” rating to a “hold” rating in a report on Sunday. Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. CICC Research started coverage on shares of TotalEnergies in a report on Tuesday, June 23rd. They issued an “outperform” rating for the company. Finally, Mizuho began coverage on shares of TotalEnergies in a research report on Monday, July 20th. They set an “outperform” rating and a $103.00 price target on the stock. Eleven 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.14.

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.