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.

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