Capital International Sarl Makes New $73.27 Million Investment in TotalEnergies SE Sponsored ADR $TTE

Capital International Sarl acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,122,566 shares of the company’s stock, valued at approximately $73,274,000. TotalEnergies makes up 1.2% of Capital International Sarl’s holdings, making the stock its 18th largest position.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in TotalEnergies during the 4th quarter worth approximately $5,337,330,000. Capital International Investors grew its position in shares of TotalEnergies by 1,438.5% in the fourth 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 grew its position in shares of TotalEnergies by 21,398.0% in the fourth 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 purchased a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $1,982,676,000. Finally, Norges Bank purchased a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $1,917,626,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. TD Cowen restated a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Finally, Citigroup restated a “buy” rating on shares of TotalEnergies in a research report on Thursday, February 12th. Ten research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.33.

TotalEnergies Trading Down 1.8%

Shares of TotalEnergies stock opened at $88.53 on Friday. The firm has a market capitalization of $212.27 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 3.15 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two 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. The stock has a 50 day moving average of $90.47 and a 200 day moving average of $78.23.

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