Plato Investment Management Ltd Purchases Shares of 17,447 TotalEnergies SE Sponsored ADR $TTE

Plato Investment Management Ltd purchased a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,447 shares of the company’s stock, valued at approximately $1,349,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Rosenberg Matthew Hamilton boosted its stake in TotalEnergies by 6.5% during the second quarter. Rosenberg Matthew Hamilton now owns 4,010 shares of the company’s stock valued at $312,000 after buying an additional 244 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of 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. Ballentine Partners LLC raised its holdings in shares of TotalEnergies by 2.7% in the 2nd quarter. Ballentine Partners LLC now owns 14,220 shares of the company’s stock valued at $1,106,000 after acquiring an additional 373 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of TotalEnergies by 3.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 29,900 shares of the company’s stock valued at $2,325,000 after acquiring an additional 995 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in shares of TotalEnergies by 18.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 141,779 shares of the company’s stock valued at $11,025,000 after acquiring an additional 21,633 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of TotalEnergies stock opened at $88.61 on Tuesday. 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 52-week low of $57.39 and a 52-week high of $94.17. The company has a fifty day moving average of $82.92 and a 200-day moving average of $84.54. The stock has a market capitalization of $212.46 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 3.12 and a beta of 0.13.

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

Analysts Set New Price Targets

TTE has been the topic of a number of recent analyst reports. CICC Research assumed coverage on shares of TotalEnergies in a research note on Tuesday, June 23rd. They issued an “outperform” rating on the stock. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Zacks Research cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Scotiabank upped their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Mizuho began coverage on TotalEnergies in a research note on Monday, July 20th. They issued an “outperform” rating and a $103.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.