Public Employees Retirement System of Ohio Takes Position in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Public Employees Retirement System of Ohio acquired 1,183,602 TotalEnergies shares during the second quarter, worth approximately $92 million. Institutional investors and hedge funds now own 16.53% of the company.
• TotalEnergies reported quarterly earnings of $2.68 per share on $57.10 billion in revenue, with an 8.29% net margin and 15.66% return on equity. Analysts expect full-year earnings of $10.65 per share.
• The stock opened at $86.40, while analysts maintain a consensus “Moderate Buy” rating and an average price target of $87.14, despite some recent downgrades to “Hold.”

Public Employees Retirement System of Ohio acquired a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,183,602 shares of the company's stock, valued at approximately $92,035,000.

A number of other hedge funds have also recently bought and sold shares of TTE. Robinswood Financial LLC purchased a new position in shares of TotalEnergies during the 1st quarter worth $27,000. Maseco LLP increased its stake in TotalEnergies by 119.9% in the first quarter. Maseco LLP now owns 420 shares of the company's stock valued at $38,000 after purchasing an additional 229 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in TotalEnergies during the first quarter worth about $39,000. Elyxium Wealth LLC acquired a new stake in TotalEnergies in the 4th quarter worth about $33,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in TotalEnergies in the 1st quarter worth about $50,000. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Stock Down 0.8%

TTE opened at $86.40 on Friday. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. The firm has a 50 day moving average price of $83.47 and a 200 day moving average price of $85.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. The company has a market cap of $207.17 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 3.08 and a beta of 0.14.

TotalEnergies (NYSE:TTE - Get Free Report) last announced 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 firm had revenue of $57.10 billion for the quarter. Sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 10.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TTE. 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 report on Tuesday, May 12th. TD Cowen boosted their price objective on shares of TotalEnergies from $102.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, July 24th. CICC Research assumed coverage on TotalEnergies in a report on Tuesday, June 23rd. They set an "outperform" rating for the company. Finally, Wall Street Zen lowered TotalEnergies from a "buy" rating to a "hold" rating in a research report on Sunday, August 23rd. Eleven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $87.14.

TotalEnergies Company 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.

Want to see what other hedge funds are holding TTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report).

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