DJE Kapital AG Makes New $105.75 Million Investment in TotalEnergies SE Sponsored ADR $TTE

DJE Kapital AG purchased a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,597,288 shares of the company’s stock, valued at approximately $105,749,000. TotalEnergies accounts for 2.9% of DJE Kapital AG’s portfolio, making the stock its 14th biggest position. DJE Kapital AG owned 0.07% of TotalEnergies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Principal Securities Inc. grew its stake in shares of TotalEnergies by 18.0% in the fourth quarter. Principal Securities Inc. now owns 8,193 shares of the company’s stock worth $536,000 after acquiring an additional 1,248 shares during the period. Aviva PLC bought a new stake in shares of TotalEnergies in the fourth quarter worth approximately $222,321,000. Equity Investment Corp grew its stake in shares of TotalEnergies by 0.7% in the fourth quarter. Equity Investment Corp now owns 2,270,475 shares of the company’s stock worth $148,534,000 after acquiring an additional 16,262 shares during the period. Kovack Advisors Inc. grew its stake in shares of TotalEnergies by 23.0% in the fourth quarter. Kovack Advisors Inc. now owns 4,198 shares of the company’s stock worth $275,000 after acquiring an additional 785 shares during the period. Finally, Nuveen LLC bought a new stake in shares of TotalEnergies in the fourth quarter worth approximately $341,294,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $87.92 on Friday. The firm has a 50 day moving average of $90.29 and a 200 day moving average of $79.01. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $210.81 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 3.00 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating 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 net margin of 7.43% and a return on equity of 14.01%. On average, research analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

Analysts Set New Price Targets

TTE has been the subject of a number of research analyst reports. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Piper Sandler lifted their price target on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Scotiabank lifted their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. 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 given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus 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.