BNP Paribas Makes New $23.87 Million Investment in TotalEnergies SE Sponsored ADR $TTE

BNP Paribas purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 365,388 shares of the company’s stock, valued at approximately $23,872,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TTE. AQR Capital Management LLC raised its holdings in shares of TotalEnergies by 151.0% in the 1st quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock valued at $4,364,000 after purchasing an additional 40,586 shares during the period. Empowered Funds LLC grew its stake in TotalEnergies by 2.1% in the 1st quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock valued at $2,652,000 after buying an additional 835 shares during the last quarter. Sivia Capital Partners LLC grew 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 valued at $315,000 after buying an additional 774 shares during the last quarter. Russell Investments Group Ltd. grew its stake in TotalEnergies by 14.9% in 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 during the last quarter. Finally, Invesco Ltd. grew its stake 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 last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Price Performance

TTE stock opened at $88.63 on Tuesday. The company has a fifty day moving average price of $90.42 and a 200-day moving average price of $77.63. The company has a market capitalization of $212.50 billion, a P/E ratio of 13.13, a PEG ratio of 3.10 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. As a group, equities analysts expect that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current year.

Analyst Upgrades and Downgrades

TTE has been the subject of several recent research reports. Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Scotiabank boosted their price target on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Piper Sandler boosted their price target on TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Finally, Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.