Banco Santander S.A. Takes Position in TotalEnergies SE Sponsored ADR $TTE

Banco Santander S.A. acquired a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,627,137 shares of the company’s stock, valued at approximately $302,707,000. TotalEnergies makes up about 2.3% of Banco Santander S.A.’s investment portfolio, making the stock its 8th largest position.

Several other large investors also recently made changes to their positions in TTE. YANKCOM Partnership boosted its position in shares of TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after purchasing an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV bought a new position in shares of TotalEnergies during the 4th quarter valued at about $29,000. Lodestone Wealth Management LLC bought a new position in shares of TotalEnergies during the 4th quarter valued at about $32,000. Elyxium Wealth LLC bought a new position in shares of TotalEnergies during the 4th quarter valued at about $33,000. Finally, Colonial Trust Advisors boosted its position in shares of TotalEnergies by 212.6% during the 3rd quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock valued at $37,000 after purchasing an additional 421 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

NYSE TTE opened at $88.08 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $211.19 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 2.97 and a beta of 0.12. The company has a 50 day moving average price of $90.26 and a two-hundred day moving average price of $79.07. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 7.43% and a return on equity of 14.01%. As a group, equities analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TTE. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Piper Sandler increased their price target on TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Scotiabank increased their price target 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, JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.