Flossbach Von Storch SE Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Flossbach Von Storch SE acquired 397,364 TotalEnergies ADR shares in the second quarter, worth approximately $30.9 million. Institutional investors own 16.53% of the company.
• TotalEnergies shares opened at $90.10, near their 52-week high of $94.17, with a market capitalization of $216.04 billion and a price-to-earnings ratio of 11.28.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $87.14; recent targets range from $85 to $103.

Flossbach Von Storch SE acquired a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 397,364 shares of the company's stock, valued at approximately $30,877,000.

Several other large investors have also recently made changes to their positions in the company. Robinswood Financial LLC purchased a new position in TotalEnergies during the 1st quarter valued at approximately $27,000. Elyxium Wealth LLC purchased a new stake in shares of TotalEnergies during the 4th quarter worth approximately $33,000. SHP Wealth Management bought a new position in shares of TotalEnergies during the 4th quarter valued at approximately $37,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of TotalEnergies during the 4th quarter valued at approximately $38,000. Finally, Maseco LLP increased its position in TotalEnergies by 119.9% in the first quarter. Maseco LLP now owns 420 shares of the company's stock worth $38,000 after purchasing an additional 229 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Performance

Shares of NYSE:TTE opened at $90.10 on Thursday. The firm's 50 day simple moving average is $82.96 and its 200-day simple moving average is $84.78. 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 $57.39 and a one year high of $94.17. The firm has a market cap of $216.04 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 3.15 and a beta of 0.14.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. The company had revenue of $57.10 billion for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. As a group, equities analysts predict that TotalEnergies SE Sponsored ADR will post 10.65 EPS for the current year.

Analysts Set New Price Targets

TTE has been the subject of several research reports. Scotiabank increased their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 22nd. Mizuho started coverage on shares of TotalEnergies in a report on Monday, July 20th. They issued an "outperform" rating and a $103.00 price target for the company. Weiss Ratings raised TotalEnergies from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 24th. Piper Sandler reissued a "neutral" rating and issued a $85.00 target price on shares of TotalEnergies in a research note on Thursday, July 23rd. Finally, Kepler Capital Markets raised shares of TotalEnergies from a "reduce" rating to a "hold" rating in a research report on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.

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