Clearbridge Investments LLC Acquires 169,425 Shares of TotalEnergies SE Sponsored ADR $TTE

Clearbridge Investments LLC grew its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 231.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,553 shares of the company’s stock after acquiring an additional 169,425 shares during the period. Clearbridge Investments LLC’s holdings in TotalEnergies were worth $15,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TTE. AQR Capital Management LLC raised its stake in shares of TotalEnergies by 151.0% in the first quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock worth $4,364,000 after buying an additional 40,586 shares during the period. Empowered Funds LLC lifted its holdings in shares of 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 acquiring an additional 835 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of 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 acquiring an additional 774 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of 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 acquiring an additional 3,151 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of 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 acquiring an additional 13,536 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TTE. Piper Sandler increased their price target on shares of TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Zacks Research downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Scotiabank boosted their target price on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Ten research 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Price Performance

Shares of TTE opened at $88.59 on Thursday. The business’s 50-day moving average is $90.36 and its two-hundred day moving average is $78.84. The company has a market capitalization of $212.42 billion, a P/E ratio of 13.12, a P/E/G ratio of 3.00 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 fifty-two week low of $57.39 and a fifty-two week high of $94.17.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results 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. 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 the consensus estimate of $44.58 billion. Research analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

TotalEnergies Company 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.