Vision Financial Markets LLC Acquires New Position in TotalEnergies SE Sponsored ADR $TTE

Vision Financial Markets LLC bought a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the third quarter, Holdings Channel reports. The institutional investor bought 10,200 shares of the company’s stock, valued at approximately $872,000. TotalEnergies accounts for approximately 0.6% of Vision Financial Markets LLC’s portfolio, making the stock its 26th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTE. Amundi acquired a new stake in TotalEnergies during the first quarter worth $18,868,822,000. DekaBank Deutsche Girozentrale acquired a new position in shares of TotalEnergies in the 1st quarter valued at $1,103,799,000. Bank of New York Mellon Corp raised its stake in shares of TotalEnergies by 8.3% in the 1st quarter. Bank of New York Mellon Corp now owns 11,514,654 shares of the company’s stock valued at $1,047,603,000 after buying an additional 881,889 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of TotalEnergies by 25.2% during the 1st quarter. Janus Henderson Group PLC now owns 11,349,122 shares of the company’s stock worth $1,055,775,000 after acquiring an additional 2,287,500 shares during the period. Finally, Groupe la Francaise lifted its holdings in shares of TotalEnergies by 8.9% during the 1st quarter. Groupe la Francaise now owns 7,617,900 shares of the company’s stock worth $683,234,000 after acquiring an additional 624,764 shares during the period. 16.53% of the stock is owned by institutional investors.

TotalEnergies Price Performance

Shares of TotalEnergies stock traded up $1.84 during mid-day trading on Friday, reaching $92.80. 2,244,594 shares of the stock were exchanged, compared to its average volume of 2,575,450. TotalEnergies SE Sponsored ADR has a fifty-two week low of $60.58 and a fifty-two week high of $94.17. The company has a market cap of $222.50 billion, a price-to-earnings ratio of 11.61 and a beta of 0.18. The firm has a 50-day simple moving average of $89.15 and a 200 day simple moving average of $87.34. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. The firm had revenue of $57.10 billion for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. On average, sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 12.60 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TTE shares. Piper Sandler lifted their target price on shares of TotalEnergies from $84.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. JPMorgan Chase & Co. cut shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 23rd. TD Cowen cut their price target on shares of TotalEnergies from $108.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Mizuho set a $108.00 price objective on TotalEnergies in a report on Friday, October 16th. Finally, Wall Street Zen upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research note on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and an average price target of $92.71.

About TotalEnergies

TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company’s activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.