OMERS ADMINISTRATION Corp Buys Shares of 162,986 TotalEnergies SE Sponsored ADR $TTE

OMERS ADMINISTRATION Corp bought a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 162,986 shares of the company’s stock, valued at approximately $10,641,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. bought a new stake in TotalEnergies during the 4th quarter valued at $5,337,330,000. Capital International Investors raised its position in TotalEnergies by 1,438.5% during the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after purchasing an additional 49,245,192 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in TotalEnergies by 21,398.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after purchasing an additional 40,192,677 shares in the last quarter. Caisse Des Depots ET Consignations bought a new stake in TotalEnergies during the 4th quarter valued at $1,982,676,000. Finally, Norges Bank bought a new stake in TotalEnergies during the 4th quarter valued at $1,917,626,000. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Down 4.3%

TotalEnergies stock opened at $84.23 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The business’s 50-day simple moving average is $90.09 and its two-hundred day simple moving average is $79.31. The company has a market cap of $201.95 billion, a PE ratio of 12.48, a PEG ratio of 2.99 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. The business had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Wall Street Zen downgraded TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $84.33.

About TotalEnergies

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.