Manning & Napier Advisors LLC Invests $10.14 Million in TotalEnergies SE Sponsored ADR $TTE

Manning & Napier Advisors LLC acquired a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 110,743 shares of the company’s stock, valued at approximately $10,139,000.

Other institutional investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership grew its position in shares of TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after buying an additional 232 shares during the last quarter. MH & Associates Securities Management Corp ADV acquired a new stake in TotalEnergies during the fourth quarter worth about $29,000. Lodestone Wealth Management LLC bought a new position in TotalEnergies in the fourth quarter worth about $32,000. Elyxium Wealth LLC bought a new position in TotalEnergies in the fourth quarter worth about $33,000. Finally, SHP Wealth Management acquired a new position in TotalEnergies in the fourth quarter valued at approximately $37,000. Institutional investors own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TTE shares. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Finally, Scotiabank increased their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Price Performance

NYSE TTE traded up $0.22 on Friday, reaching $78.45. 1,177,162 shares of the stock traded hands, compared to its average volume of 1,620,015. The firm’s fifty day simple moving average is $85.72 and its 200 day simple moving average is $80.96. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The company has a market cap of $188.09 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 2.70 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results 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 firm had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. As a group, research analysts predict that TotalEnergies SE Sponsored ADR will post 10.91 EPS for the current fiscal year.

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.