2,632,676 Shares in TotalEnergies SE Sponsored ADR $TTE Purchased by Capital International Inc. CA

Capital International Inc. CA acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,632,676 shares of the company’s stock, valued at approximately $171,919,000. TotalEnergies makes up 1.4% of Capital International Inc. CA’s investment portfolio, making the stock its 15th biggest holding. Capital International Inc. CA owned approximately 0.11% of TotalEnergies as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership boosted its stake in TotalEnergies by 146.8% in the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after buying an additional 232 shares during the last quarter. MH & Associates Securities Management Corp ADV acquired a new stake in TotalEnergies in the 4th quarter worth about $29,000. Lodestone Wealth Management LLC acquired a new stake in TotalEnergies in the 4th quarter worth about $32,000. Elyxium Wealth LLC acquired a new stake in TotalEnergies in the 4th quarter worth about $33,000. Finally, Colonial Trust Advisors boosted its stake in TotalEnergies by 212.6% in the 3rd quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock worth $37,000 after buying an additional 421 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

TotalEnergies stock opened at $88.53 on Friday. The stock’s 50 day moving average price is $90.47 and its 200 day moving average price is $78.23. The firm has a market capitalization of $212.27 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 3.15 and a beta of 0.12. 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 SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The business had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. As a group, sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on TTE. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Wall Street Zen downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Scotiabank raised their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies 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.