Capital World Investors Purchases 6,361,258 Shares of TotalEnergies SE Sponsored ADR $TTE

Capital World Investors raised its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 9,006.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,431,888 shares of the company’s stock after acquiring an additional 6,361,258 shares during the period. Capital World Investors owned approximately 0.27% of TotalEnergies worth $419,250,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TTE. YANKCOM Partnership raised 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 buying an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV acquired a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $32,000. Elyxium Wealth LLC acquired a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $33,000. Finally, Colonial Trust Advisors raised its position in shares of TotalEnergies by 212.6% in the third quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock valued at $37,000 after buying an additional 421 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Freedom Capital downgraded shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, February 13th. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Scotiabank lifted their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Finally, TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Stock Down 0.2%

Shares of TTE opened at $88.53 on Monday. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The company has a market cap of $212.27 billion, a P/E ratio of 13.12, a P/E/G ratio of 3.01 and a beta of 0.12. 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 50 day simple moving average of $90.47 and a two-hundred day simple moving average of $78.33.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The business had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. Research analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

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.