406,567 Shares in TotalEnergies SE Sponsored ADR $TTE Purchased by Barings LLC

Barings LLC bought a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 406,567 shares of the company’s stock, valued at approximately $26,517,000. TotalEnergies accounts for about 0.5% of Barings LLC’s holdings, making the stock its 28th biggest holding.

Several other large investors have also recently made changes to their positions in TTE. AQR Capital Management LLC lifted its stake in TotalEnergies by 151.0% during the 1st quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock worth $4,364,000 after acquiring an additional 40,586 shares in the last quarter. Empowered Funds LLC lifted its holdings in TotalEnergies by 2.1% during the 1st quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock worth $2,652,000 after buying an additional 835 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in TotalEnergies by 17.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock worth $315,000 after buying an additional 774 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in TotalEnergies by 14.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock worth $1,490,000 after buying an additional 3,151 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in TotalEnergies by 7.3% during the 2nd quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock worth $12,168,000 after buying an additional 13,536 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $87.92 on Friday. The stock’s 50-day simple moving average is $90.29 and its 200-day simple moving average is $79.01. 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 firm has a market capitalization of $210.81 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 3.00 and a beta of 0.12.

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 firm had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. As a group, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

Analysts Set New Price Targets

TTE has been the topic of a number of research reports. Scotiabank increased their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Wall Street Zen lowered shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Citigroup reiterated a “buy” rating on shares of TotalEnergies in a research note on Thursday, February 12th. TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Finally, Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average target price 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.