TotalEnergies SE Sponsored ADR $TTE Shares Purchased by Equity Investment Corp

Equity Investment Corp increased its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,270,475 shares of the company’s stock after purchasing an additional 16,262 shares during the quarter. TotalEnergies accounts for approximately 3.0% of Equity Investment Corp’s portfolio, making the stock its 6th biggest position. Equity Investment Corp owned about 0.09% of TotalEnergies worth $148,534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTE. YANKCOM Partnership grew its position in TotalEnergies by 146.8% in the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after acquiring an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV acquired a new position in TotalEnergies in the 4th quarter valued at about $29,000. Lodestone Wealth Management LLC acquired a new position in TotalEnergies in the 4th quarter valued at about $32,000. Elyxium Wealth LLC acquired a new position in TotalEnergies in the 4th quarter valued at about $33,000. Finally, Colonial Trust Advisors grew its position in TotalEnergies by 212.6% in the 3rd quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock valued at $37,000 after acquiring an additional 421 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Zacks Research downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Price Performance

TTE stock opened at $87.92 on Friday. The business has a 50 day moving average price of $90.29 and a 200 day moving average price of $79.01. The stock has a market cap of $210.81 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 3.00 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 quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTE) last posted its 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. The firm had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current fiscal year.

TotalEnergies 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.