Capital Group Private Client Services Inc. Takes Position in TotalEnergies SE Sponsored ADR $TTE

Capital Group Private Client Services Inc. bought a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 430,380 shares of the company’s stock, valued at approximately $28,117,000.

Other institutional investors have also modified their holdings of the company. YANKCOM Partnership grew its position in shares of TotalEnergies by 146.8% in the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after purchasing an additional 232 shares during the period. MH & Associates Securities Management Corp ADV acquired a new position in TotalEnergies during the fourth quarter worth about $29,000. Lodestone Wealth Management LLC acquired a new position in TotalEnergies during the fourth quarter worth about $32,000. Elyxium Wealth LLC acquired a new position in TotalEnergies during the fourth quarter worth about $33,000. Finally, Colonial Trust Advisors boosted its position in TotalEnergies by 212.6% during the third quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock worth $37,000 after acquiring an additional 421 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Price Performance

NYSE:TTE opened at $88.53 on Friday. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 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. The company has a market capitalization of $212.27 billion, a P/E ratio of 13.12, a P/E/G ratio of 3.15 and a beta of 0.12. The stock’s fifty day moving average is $90.47 and its two-hundred day moving average is $78.23.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $44.58 billion. Equities analysts expect that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TTE shares. Piper Sandler boosted their price target on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. TD Cowen restated a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Finally, BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $84.33.

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.