111 Capital Buys New Stake in TotalEnergies SE Sponsored ADR $TTE

111 Capital bought a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, HoldingsChannel.com reports. The fund bought 20,203 shares of the company’s stock, valued at approximately $1,319,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. purchased a new position in TotalEnergies during the fourth quarter worth $5,337,330,000. Massachusetts Financial Services Co. MA boosted its stake in TotalEnergies by 21,398.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock worth $2,641,693,000 after buying an additional 40,192,677 shares during the period. Caisse Des Depots ET Consignations purchased a new position in TotalEnergies during the fourth quarter worth $1,982,676,000. Norges Bank purchased a new position in TotalEnergies during the fourth quarter worth $1,917,626,000. Finally, Legal & General Group Plc purchased a new position in TotalEnergies during the fourth quarter worth $967,692,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TTE has been the subject of several recent analyst reports. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note 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. Wall Street Zen downgraded TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Citigroup reiterated a “buy” rating on shares of TotalEnergies in a research report on Thursday, February 12th. Finally, Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.33.

TotalEnergies Price Performance

TTE opened at $88.53 on Friday. The business’s 50-day moving average is $90.47 and its two-hundred day moving average is $78.23. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year 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 firm has a market capitalization of $212.27 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 3.20 and a beta of 0.12.

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 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 company had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. Research analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current fiscal 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.