Capital Group Investment Management PTE. LTD. Acquires New Holdings in TotalEnergies SE Sponsored ADR $TTE

Capital Group Investment Management PTE. LTD. acquired a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, Holdings Channel.com reports. The fund acquired 128,903 shares of the company’s stock, valued at approximately $8,416,000. TotalEnergies accounts for 1.4% of Capital Group Investment Management PTE. LTD.’s holdings, making the stock its 15th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. YANKCOM Partnership grew its position in shares of TotalEnergies by 146.8% in the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after purchasing an additional 232 shares during the period. MH & Associates Securities Management Corp ADV acquired a new position in shares of TotalEnergies in the 4th quarter valued at approximately $29,000. Lodestone Wealth Management LLC acquired a new position in shares of TotalEnergies in the 4th quarter valued at approximately $32,000. Elyxium Wealth LLC acquired a new position in TotalEnergies during the 4th quarter worth approximately $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in TotalEnergies during the 4th quarter worth approximately $38,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TTE shares. Zacks Research downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Citigroup reaffirmed a “buy” rating on shares of TotalEnergies in a research report on Thursday, February 12th. Piper Sandler upped their price target on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, TotalEnergies presently has a consensus rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Trading Down 1.8%

Shares of TotalEnergies stock opened at $88.53 on Friday. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17. The stock has a market cap of $212.27 billion, a P/E ratio of 13.12, a P/E/G ratio of 3.15 and a beta of 0.12. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $90.47 and its 200-day moving average is $78.23.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The company had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. Equities research analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current fiscal year.

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.