TotalEnergies: Disclosure of Transactions in Own Shares
- None.
- None.
Insights
Share repurchase programs are a significant signal to the market regarding a company's financial health and management's perception of the stock's value. TotalEnergies SE's recent buyback activity suggests that the management believes the stock is undervalued or that it is a good use of excess cash to benefit shareholders. The repurchase of 1,566,042 shares at an average price of 62.020835 EUR/share represents a substantial investment back into the company and it can be indicative of strong cash reserves and a commitment to delivering shareholder value.
Repurchasing shares can lead to an increase in earnings per share (EPS) by reducing the number of shares outstanding. This action can be attractive to investors, as it often leads to a higher stock price. Moreover, the timing of these purchases, conducted at year-end, might be strategic, aligning with fiscal planning and tax considerations. It's important to monitor subsequent earnings reports to see how these buybacks affect the company's financials, specifically its EPS and return on equity (ROE).
However, investors should also consider the opportunity cost of such buybacks. The funds used for this purpose could alternatively be invested in new projects or acquisitions that might offer a higher return. The impact of this share repurchase on TotalEnergies' balance sheet and future investment capacity should be carefully evaluated.
From a market perspective, TotalEnergies SE's share repurchase announcement can be viewed as a positive gesture, potentially stabilizing the stock price and reflecting confidence in the company's intrinsic value. It's also a response to market conditions; during periods of market volatility or undervaluation, companies often engage in buybacks as a method to support their stock price.
The disclosed transactions took place across several markets, including XPAR, CEUX, TQEX and AQEU, which shows an effort to maintain liquidity and minimize the impact on the stock's price. The transparency of the transaction details, as stipulated by the Market Abuse Regulation, helps maintain investor trust and complies with regulatory standards.
It is crucial to consider the broader industry context in which these buybacks occur. The energy sector is subject to fluctuations in commodity prices, regulatory changes and shifts in consumer behavior towards renewable energy. These factors can influence TotalEnergies' stock performance and should be taken into account when assessing the potential impact of the share repurchase on the market.
Share repurchase programs can have macroeconomic implications, reflecting broader economic conditions. When a major player like TotalEnergies SE engages in substantial buybacks, it may signal a lack of more profitable investment opportunities within the economy, or it could indicate a strategic allocation of capital towards enhancing shareholder value in the face of economic uncertainty.
Furthermore, the repurchase of shares can affect the distribution of wealth among shareholders, as it often leads to an appreciation in stock value benefiting existing shareholders. This could have implications for income inequality and consumption patterns. The effect on the stock market could be a short-term boost in the company's stock price, but the long-term implications depend on the company's ability to generate sustainable profits and growth.
The timing and scale of TotalEnergies' repurchase also reflect the company's response to economic indicators such as interest rates, inflation and currency exchange rates, which can affect the cost of capital and the relative attractiveness of share buybacks as compared to other forms of capital allocation.
In accordance with the authorization given by the ordinary shareholders’ general meeting on May 26, 2023, to trade on its shares and pursuant to applicable law on share repurchase, TotalEnergies SE (LEI: 529900S21EQ1BO4ESM68) (Paris:TTE) (LSE:TTE) (NYSE:TTE) declares the following purchases of its own shares (FR0000120271) from December 27 to December 29, 2023:
Transaction Date |
Total daily volume
|
Daily weighted
|
Amount of
|
Market (MIC Code) |
27/12/2023 |
351,444 |
62.684603 |
22,030,127.62 |
XPAR |
27/12/2023 |
130,000 |
62.682855 |
8,148,771.15 |
CEUX |
27/12/2023 |
25,000 |
62.692008 |
1,567,300.20 |
TQEX |
27/12/2023 |
20,000 |
62.687323 |
1,253,746.46 |
AQEU |
28/12/2023 |
336,763 |
61.708646 |
20,781,188.75 |
XPAR |
28/12/2023 |
148,000 |
61.711338 |
9,133,278.02 |
CEUX |
28/12/2023 |
25,000 |
61.707354 |
1,542,683.85 |
TQEX |
28/12/2023 |
25,000 |
61.712722 |
1,542,818.05 |
AQEU |
29/12/2023 |
306,357 |
61.655043 |
18,888,454.01 |
XPAR |
29/12/2023 |
132,202 |
61.664963 |
8,152,231.44 |
CEUX |
29/12/2023 |
40,060 |
61.655279 |
2,469,910.48 |
TQEX |
29/12/2023 |
26,216 |
61.669303 |
1,616,722.45 |
AQEU |
Total |
1,566,042 |
62.020835 |
97,127,232.47 |
|
Transaction details
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the TotalEnergies website: https://totalenergies.com/investors/shares-and-dividends/total-shares/info/company-share-transactions
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, more sustainable, more reliable and accessible to as many people as possible. Active in nearly 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
@TotalEnergies - TotalEnergies - TotalEnergies - TotalEnergies
Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
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TotalEnergies
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Source: TOTALENERGIES SE
FAQ
What transactions did TotalEnergies SE (TTE) declare from December 27 to December 29, 2023?
What was the daily weighted average purchase price of TotalEnergies SE (TTE) shares from December 27 to December 29, 2023?
Where can I find a full breakdown of the individual trades disclosed by TotalEnergies SE (TTE)?
