TotalEnergies SE Sponsored ADR $TTE Stock Bought by M&G PLC

M&G PLC grew its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,994,150 shares of the company's stock after purchasing an additional 39,878 shares during the period. TotalEnergies comprises approximately 1.3% of M&G PLC's holdings, making the stock its 19th biggest holding. M&G PLC owned about 0.12% of TotalEnergies worth $257,855,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TTE. QRG Capital Management Inc. increased its holdings in shares of TotalEnergies by 47.9% during the second quarter. QRG Capital Management Inc. now owns 114,663 shares of the company's stock worth $8,916,000 after buying an additional 37,112 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. raised its stake in shares of TotalEnergies by 16.9% in the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 153,140 shares of the company's stock valued at $11,900,000 after acquiring an additional 22,103 shares during the last quarter. Plato Investment Management Ltd bought a new position in shares of TotalEnergies in the second quarter valued at approximately $1,349,000. Flossbach Von Storch SE acquired a new position in shares of TotalEnergies in the 2nd quarter worth approximately $30,877,000. Finally, Saudi Central Bank bought a new stake in TotalEnergies during the 2nd quarter worth approximately $42,154,000. Institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Up 0.1%

NYSE:TTE opened at $87.89 on Tuesday. The stock's fifty day moving average price is $89.81 and its two-hundred day moving average price is $85.77. TotalEnergies SE Sponsored ADR has a 52-week low of $61.95 and a 52-week high of $95.78. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.89 and a current ratio of 1.11. The company has a market cap of $210.74 billion, a price-to-earnings ratio of 8.78 and a beta of 0.14.

TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Friday, October 30th. The company reported $4.03 earnings per share for the quarter, topping analysts' consensus estimates of $3.84 by $0.19. The company had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $55.39 billion. TotalEnergies had a return on equity of 19.08% and a net margin of 9.61%. On average, analysts anticipate that TotalEnergies SE Sponsored ADR will post 12.72 EPS for the current year.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of recent analyst reports. HSBC raised TotalEnergies from a "hold" rating to a "buy" rating in a research note on Friday, September 25th. Mizuho set a $108.00 target price on TotalEnergies in a research note on Friday, October 16th. TD Cowen cut their price target on TotalEnergies from $108.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, October 13th. Zacks Research upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 19th. Finally, Wall Street Zen raised shares of TotalEnergies from a "buy" rating to a "strong-buy" rating in a report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $96.00.

TotalEnergies Profile

TotalEnergies SE is a France-based integrated energy company with operations spanning the oil and natural gas value chain. Its activities include exploring for and producing hydrocarbons, processing and refining them, and supplying energy products to customers.

The company also markets natural gas, including liquefied natural gas, and operates in electricity generation and renewable energy. Its portfolio includes solar and wind power, as well as energy storage and related services.

Founded in 1924 as Compagnie française des pétroles, the company has expanded and evolved through acquisitions and business changes.

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