Hsbc Holdings PLC Purchases 37,820 Shares of TotalEnergies SE Sponsored ADR $TTE

Hsbc Holdings PLC increased its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 626.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 43,861 shares of the company’s stock after buying an additional 37,820 shares during the period. Hsbc Holdings PLC’s holdings in TotalEnergies were worth $2,856,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Rockefeller Capital Management L.P. raised its position in shares of TotalEnergies by 8.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,155,764 shares of the company’s stock worth $75,610,000 after acquiring an additional 93,385 shares in the last quarter. World Investment Advisors boosted its position in shares of TotalEnergies by 11.7% during the 4th quarter. World Investment Advisors now owns 8,283 shares of the company’s stock valued at $542,000 after purchasing an additional 865 shares in the last quarter. Larry Mathis Financial Planning LLC bought a new stake in shares of TotalEnergies during the 4th quarter valued at about $474,000. Advisortrust Partners LLC acquired a new stake in TotalEnergies during the fourth quarter worth approximately $526,000. Finally, Bayban acquired a new stake in TotalEnergies during the fourth quarter worth approximately $72,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Ratings Changes

TTE has been the topic of several recent analyst reports. TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Finally, CICC Research initiated coverage on shares of TotalEnergies in a research report on Tuesday, June 23rd. They set an “outperform” rating on the stock. 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Price Performance

TotalEnergies stock opened at $78.45 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 current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The business’s 50 day simple moving average is $85.72 and its 200 day simple moving average is $80.96. The company has a market cap of $188.09 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 2.70 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The business had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Sell-side analysts forecast that TotalEnergies SE Sponsored ADR will post 10.91 EPS for the current year.

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.