TotalEnergies SE: Disclosure of Transactions in Own Shares
- None.
- None.
Insights
The share repurchase program undertaken by TotalEnergies SE indicates a strategic move by the company to manage its capital structure and potentially enhance shareholder value. The repurchase of 2,465,005 shares at an average price of 60.398730 EUR per share represents a significant capital outlay and reflects management's confidence in the company's intrinsic value. An analysis of the transaction details suggests a systematic approach to buybacks, which can signal to the market a positive outlook from the company's perspective.
From a financial perspective, the repurchase of shares can be accretive to earnings per share (EPS) as it reduces the number of shares outstanding. This can lead to a higher EPS even if net income remains constant. Additionally, it may be a signal that the company's leadership believes the stock is undervalued. However, investors should also consider the opportunity cost of these buybacks, as the funds used could alternatively be invested in growth opportunities or used to pay down debt.
Share repurchase programs often influence investor sentiment and can be interpreted as a bullish signal, prompting a reevaluation of the stock's value. The market's response to such buybacks will depend on the broader economic context, the company's performance relative to its peers and the perceived use of capital. In the energy sector, where TotalEnergies operates, factors such as oil prices, regulatory changes and shifts towards renewable energy sources also play a crucial role in determining the stock's performance.
Investors should monitor the company's future investment in technology and sustainable energy sources, as these are critical for long-term growth in the energy sector. The repurchase activity must be balanced with the company's need to invest in these areas to stay competitive and compliant with evolving environmental regulations.
Examining the macroeconomic implications, share buybacks can be reflective of broader economic trends. In a low-interest-rate environment, companies may favor buybacks as a use of surplus cash, especially if the cost of borrowing is lower than the expected return from investing in their own shares. Conversely, in a high-interest-rate environment, the opportunity cost of buybacks increases.
It is also important to consider the impact of such financial decisions on the company's balance sheet and liquidity, especially in the volatile energy market. The repurchase strategy should be sustainable and not compromise the company's financial stability, particularly in anticipation of economic downturns or decreased commodity prices.
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 January 8 to January 12, 2024:
Transaction Date |
Total daily volume
|
Daily weighted
|
Amount of
|
Market (MIC Code) |
08/01/2024 |
250,600 |
61.303744 |
15,362,718.25 |
XPAR |
08/01/2024 |
146,000 |
61.175234 |
8,931,584.16 |
CEUX |
08/01/2024 |
44,834 |
61.196137 |
2,743,667.61 |
TQEX |
08/01/2024 |
44,976 |
61.198970 |
2,752,484.87 |
AQEU |
09/01/2024 |
221,418 |
60.722377 |
13,445,027.27 |
XPAR |
09/01/2024 |
179,970 |
60.602638 |
10,906,656.76 |
CEUX |
09/01/2024 |
44,990 |
60.598242 |
2,726,314.91 |
TQEX |
09/01/2024 |
44,992 |
60.651355 |
2,728,825.76 |
AQEU |
10/01/2024 |
252,194 |
59.987021 |
15,128,366.77 |
XPAR |
10/01/2024 |
170,000 |
59.908128 |
10,184,381.76 |
CEUX |
10/01/2024 |
40,000 |
59.915727 |
2,396,629.08 |
TQEX |
10/01/2024 |
35,000 |
59.926756 |
2,097,436.46 |
AQEU |
11/01/2024 |
287,256 |
59.745393 |
17,162,222.61 |
XPAR |
11/01/2024 |
139,930 |
59.618238 |
8,342,380.04 |
CEUX |
11/01/2024 |
35,000 |
59.634343 |
2,087,202.01 |
TQEX |
11/01/2024 |
34,990 |
59.637229 |
2,086,706.64 |
AQEU |
12/01/2024 |
260,377 |
60.522071 |
15,758,555.28 |
XPAR |
12/01/2024 |
154,633 |
60.405590 |
9,340,697.60 |
CEUX |
12/01/2024 |
38,998 |
60.392430 |
2,355,183.99 |
TQEX |
12/01/2024 |
38,847 |
60.394109 |
2,346,129.95 |
AQEU |
Total |
2,465,005 |
60.398730 |
148,883,171.79 |
|
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 l TotalEnergies l TotalEnergies l 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).
View source version on businesswire.com: https://www.businesswire.com/news/home/20240115217409/en/
TotalEnergies Contacts
Media Relations:+33 (0)1 47 44 46 99l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations:+33 (0)1 47 44 46 46 l ir@totalenergies.com
Source: TotalEnergies SE
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