12,828 Shares in TotalEnergies SE Sponsored ADR $TTE Purchased by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp established a new position in TotalEnergies (NYSE:TTE) in Q4, buying 12,828 shares valued at roughly $830,000 according to its latest 13F filing.
• Several analysts have recently upgraded TTE to Buy/Overweight, leaving a consensus rating of Moderate Buy with an average price target of $80.97, which is below the stock’s recent trading level (~$93.53).
• TotalEnergies beat expectations last quarter with EPS of $2.45 (vs. $2.22 est.) and $49.5B in revenue; the stock trades at a PE of 13.86, market cap ~$224.2B, and a 52-week range of $57.19–$93.67.

Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,828 shares of the company's stock, valued at approximately $830,000.

A number of other institutional investors have also added to or reduced their stakes in TTE. Clear Creek Financial Management LLC lifted its stake in TotalEnergies by 2.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company's stock worth $414,000 after purchasing an additional 150 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in TotalEnergies by 4.5% during the third quarter. Bruce G. Allen Investments LLC now owns 3,919 shares of the company's stock valued at $234,000 after purchasing an additional 167 shares in the last quarter. SkyView Investment Advisors LLC boosted its holdings in TotalEnergies by 2.2% during the second quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company's stock valued at $495,000 after purchasing an additional 175 shares in the last quarter. OLD National Bancorp IN boosted its holdings in TotalEnergies by 2.5% during the fourth quarter. OLD National Bancorp IN now owns 7,189 shares of the company's stock valued at $470,000 after purchasing an additional 176 shares in the last quarter. Finally, Greenleaf Trust boosted its holdings in TotalEnergies by 1.4% during the third quarter. Greenleaf Trust now owns 13,897 shares of the company's stock valued at $830,000 after purchasing an additional 189 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTE has been the topic of a number of recent research reports. Zacks Research raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Monday, March 30th. Weiss Ratings raised TotalEnergies from a "hold (c)" rating to a "buy (b-)" rating in a report on Friday. Wall Street Zen raised TotalEnergies from a "hold" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a "neutral" rating to an "overweight" rating in a research note on Monday, March 2nd. Finally, Morgan Stanley reiterated an "overweight" rating on shares of TotalEnergies in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, TotalEnergies presently has an average rating of "Moderate Buy" and a consensus price target of $80.97.

TotalEnergies Stock Performance

TTE stock opened at $93.53 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The company has a 50 day moving average price of $86.82 and a 200 day moving average price of $73.80. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.19 and a fifty-two week high of $93.67. The stock has a market capitalization of $224.24 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 3.46 and a beta of 0.14.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The firm had revenue of $49.52 billion during the quarter, compared to analysts' expectations of $44.58 billion. Analysts forecast that TotalEnergies SE Sponsored ADR will post 10.03 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.