Generali Investments CEE investicni spolecnost a.s. Increases Position in TotalEnergies SE Sponsored ADR $TTE

Generali Investments CEE investicni spolecnost a.s. grew its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 16.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 153,140 shares of the company’s stock after buying an additional 22,103 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.’s holdings in TotalEnergies were worth $11,900,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTE. AQR Capital Management LLC lifted its position in shares of TotalEnergies by 151.0% during the first quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock worth $4,364,000 after purchasing an additional 40,586 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of TotalEnergies by 2.1% in the first quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock worth $2,652,000 after purchasing an additional 835 shares during the last quarter. Sivia Capital Partners LLC increased its stake in TotalEnergies by 17.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock worth $315,000 after buying an additional 774 shares during the period. Russell Investments Group Ltd. lifted its holdings in TotalEnergies by 14.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock valued at $1,490,000 after buying an additional 3,151 shares in the last quarter. Finally, Invesco Ltd. boosted its position in TotalEnergies by 7.3% in the 2nd quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock valued at $12,168,000 after buying an additional 13,536 shares during the period. 16.53% of the stock is owned by institutional investors.

TotalEnergies Price Performance

Shares of TTE stock opened at $87.61 on Thursday. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. 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 firm has a market capitalization of $210.06 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 3.10 and a beta of 0.14. The stock’s 50-day simple moving average is $82.98 and its 200-day simple moving average is $84.16.

TotalEnergies (NYSE:TTE) last released its earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. The company had revenue of $57.10 billion during the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. As a group, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 10.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TTE has been the topic of a number of research reports. Wall Street Zen lowered shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. TD Cowen lifted their target price on TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Mizuho started coverage on TotalEnergies in a research report on Monday, July 20th. They set an “outperform” rating and a $103.00 price target on the stock. Piper Sandler restated a “neutral” rating and issued a $85.00 price objective on shares of TotalEnergies in a report on Thursday, July 23rd. Finally, BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.