Brandes Investment Partners LP Has $54.08 Million Holdings in TotalEnergies SE Sponsored ADR $TTE

Brandes Investment Partners LP boosted its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 828,232 shares of the company’s stock after buying an additional 61,892 shares during the quarter. Brandes Investment Partners LP’s holdings in TotalEnergies were worth $54,077,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in shares of TotalEnergies during the fourth quarter valued at about $5,337,330,000. Capital International Investors boosted its stake in shares of TotalEnergies by 1,438.5% during the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after purchasing an additional 49,245,192 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of 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 valued at $2,641,693,000 after purchasing an additional 40,192,677 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new stake in shares of TotalEnergies during the fourth quarter valued at about $1,982,676,000. Finally, Norges Bank acquired a new stake in shares of TotalEnergies during the fourth quarter valued at about $1,917,626,000. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Trading Down 0.2%

Shares of TTE stock opened at $88.42 on Wednesday. The company has a market cap of $212.00 billion, a P/E ratio of 13.10, a PEG ratio of 3.00 and a beta of 0.12. The stock has a 50 day simple moving average of $90.41 and a two-hundred day simple moving average of $78.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17.

TotalEnergies (NYSE:TTE) last released 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. The firm 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%. Research analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on TTE shares. Citigroup reissued a “buy” rating on shares of TotalEnergies in a research note on Thursday, February 12th. Freedom Capital lowered TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 13th. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Wall Street Zen lowered TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Scotiabank lifted their price target on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, TotalEnergies has an average rating of “Moderate Buy” and a consensus 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.