Generali Asset Management SPA SGR Buys Shares of 1,300,900 TotalEnergies SE Sponsored ADR $TTE

Key Points

• Generali Asset Management disclosed a new fourth-quarter stake in TotalEnergies, buying 1,300,900 shares valued at about $85.1 million. The position makes up roughly 1.7% of its portfolio and ranks as its 10th-largest holding.
• Other institutional investors also increased exposure to TotalEnergies, and 16.53% of the stock is currently held by institutions and hedge funds. Several firms, including AQR Capital, Empowered Funds, and Invesco, added to their positions.
• Analysts remain constructive on TTE, with the consensus rating at “Moderate Buy” and a price target of $80.97. The company also reported better-than-expected quarterly results, earning $2.45 per share versus the $2.22 estimate.

Generali Asset Management SPA SGR bought a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,300,900 shares of the company's stock, valued at approximately $85,105,000. TotalEnergies makes up about 1.7% of Generali Asset Management SPA SGR's portfolio, making the stock its 10th largest holding. Generali Asset Management SPA SGR owned approximately 0.05% of TotalEnergies as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TTE. AQR Capital Management LLC boosted its stake in TotalEnergies by 151.0% in the first quarter. AQR Capital Management LLC now owns 67,461 shares of the company's stock valued at $4,364,000 after acquiring an additional 40,586 shares in the last quarter. Empowered Funds LLC boosted its stake in TotalEnergies by 2.1% in the first quarter. Empowered Funds LLC now owns 40,988 shares of the company's stock valued at $2,652,000 after acquiring an additional 835 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in TotalEnergies by 17.7% in the second quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company's stock valued at $315,000 after acquiring an additional 774 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in TotalEnergies by 14.9% in the second quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company's stock valued at $1,490,000 after acquiring an additional 3,151 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in TotalEnergies by 7.3% in the second quarter. Invesco Ltd. now owns 198,215 shares of the company's stock valued at $12,168,000 after acquiring an additional 13,536 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TTE shares. Jefferies Financial Group upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Thursday, January 8th. Kepler Capital Markets upgraded shares of TotalEnergies from a "reduce" rating to a "hold" rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a "neutral" rating to an "overweight" rating in a research note on Monday, March 2nd. Freedom Capital downgraded shares of TotalEnergies from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, February 13th. Finally, Wall Street Zen upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $80.97.

TotalEnergies Trading Down 1.6%

NYSE:TTE opened at $88.54 on Friday. TotalEnergies SE Sponsored ADR has a 12 month low of $57.19 and a 12 month high of $93.67. The firm has a fifty day simple moving average of $87.25 and a 200-day simple moving average of $74.20. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $212.29 billion, a P/E ratio of 13.12, a PEG ratio of 3.26 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 EPS 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 business had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. On average, equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.38 earnings per share for the current year.

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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