TotalEnergies SE ADR (TTE) Analysis & Forecast for 2024

TotalEnergies SE ADR (NYSE: TTE) is -4.08% lower on its value in year-to-date trading and has touched a low of $54.94 and a high of $69.63 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TTE stock was last observed hovering at around $64.31 in the last trading session, with the day’s gains setting it 0.32%.

Currently trading at $64.63, the stock is 0.20% and -2.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.21 million and changing 0.50% at the moment leaves the stock 2.15% off its SMA200. TTE registered 4.65% gain for a year compared to 6-month gain of 3.29%. The firm has a 50-day simple moving average (SMA 50) of $0.76 and a 200-day simple moving average (SMA200) of $3.25.

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The stock witnessed a -1.13% loss in the last 1 month and extending the period to 3 months gives it a -0.63%, and is 1.19% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.08% over the week and 1.23% over the month.

TotalEnergies SE ADR (TTE) has around Mar 18 2024 employees, a market worth around $151.99B and $218.94B in sales. Current P/E ratio is 7.38 and Fwd P/E is 6.93. Profit margin for the company is 9.77%. Distance from 52-week low is 17.64% and -7.18% from its 52-week high. The company has generated returns on investments over the last 12 months (13.60%).

TotalEnergies SE ADR quarterly earnings per share for the current quarter are estimated at $2.06 with sales reaching $46.64B over the same period.The EPS is expected to shrink by -3.07% this year, but quarterly earnings will post -4.50% year-over-year.

TotalEnergies SE ADR (TTE) Top Institutional Holders

843 institutions hold shares in TotalEnergies SE ADR (TTE), with institutional investors hold 6.99% of the company’s shares. The shares outstanding are 2.35B, and float is at 2.35B with Short Float at 0.30%. Institutions hold 6.99% of the Float.

The top institutional shareholder in the company is Fisher Asset Management, LLC with over 20.46 million shares valued at $1.18 billion. The investor’s holdings represent 0.85% of the TTE Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 12.31 million shares valued at $709.67 million to account for 0.51% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 11.89 million shares representing 0.49% and valued at over $685.37 million, while Wellington Management Group, LLP holds 0.47% of the shares totaling 11.22 million with a market value of $647.01 million.

TotalEnergies SE ADR (TTE) Insider Activity

The most recent transaction is an insider purchase by TotalEnergies SE,the company’sDirector. SEC filings show that TotalEnergies SE bought 71,980 shares of the company’s common stock on Mar 31 at a price of $31.15 per share for a total of $2.24 million. Following the purchase, the insider now owns 0.17 million shares.

TotalEnergies SE ADR (TTE): Who are the competitors?

The company’s main competitors (and peers) include Hess Corp. (HES) that is trading -2.39% down over the past 12 months. Exxon Mobil Corp. (XOM) that is -12.42% lower over the same period.