Aviva PLC Acquires Shares of 3,408,191 TotalEnergies SE Sponsored ADR $TTE

Aviva PLC acquired a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,408,191 shares of the company’s stock, valued at approximately $222,321,000. Aviva PLC owned approximately 0.14% of TotalEnergies as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Aberdeen Group plc grew its stake in TotalEnergies by 14.5% during the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock valued at $25,124,000 after purchasing an additional 48,640 shares in the last quarter. ABN AMRO Bank N.V. acquired a new stake in TotalEnergies during the 4th quarter valued at approximately $122,831,000. Assetmark Inc. grew its stake in TotalEnergies by 8.1% during the 4th quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock valued at $16,124,000 after purchasing an additional 18,480 shares in the last quarter. Vanguard Group Inc. acquired a new stake in TotalEnergies during the 4th quarter valued at approximately $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in TotalEnergies during the 4th quarter valued at approximately $830,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Down 0.5%

TTE opened at $87.92 on Friday. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The stock has a market cap of $210.81 billion, a P/E ratio of 13.03, a P/E/G ratio of 3.00 and a beta of 0.12. The stock’s 50 day moving average price is $90.29 and its 200 day moving average price is $79.01.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating 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 firm had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. As a group, research analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on TTE. Wall Street Zen downgraded TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Citigroup reaffirmed a “buy” rating on shares of TotalEnergies in a report on Thursday, February 12th. Finally, Piper Sandler increased their target price on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Ten research 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.33.

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.