Capital International Ltd. CA Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Capital International Ltd. CA acquired a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 553,107 shares of the company’s stock, valued at approximately $36,130,000. TotalEnergies makes up 1.3% of Capital International Ltd. CA’s holdings, making the stock its 16th biggest holding.

A number of other institutional investors have also modified their holdings of TTE. Vanguard Group Inc. acquired a new stake in shares of TotalEnergies in the 4th quarter valued at about $5,337,330,000. Capital International Investors raised its stake in shares of TotalEnergies by 1,438.5% in the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after purchasing an additional 49,245,192 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of TotalEnergies by 21,398.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after purchasing an additional 40,192,677 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new stake in TotalEnergies during the fourth quarter worth about $1,982,676,000. Finally, Norges Bank acquired a new stake in TotalEnergies during the fourth quarter worth about $1,917,626,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TTE opened at $88.53 on Friday. The company’s fifty day moving average is $90.47 and its 200-day moving average is $78.23. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The firm has a market cap of $212.27 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth 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.

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Finally, Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.