Capital Research Global Investors Purchases Shares of 12,860 TotalEnergies SE Sponsored ADR $TTE

Capital Research Global Investors purchased a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 12,860 shares of the company’s stock, valued at approximately $838,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. purchased a new position in shares of TotalEnergies in the 4th quarter worth approximately $5,337,330,000. Capital International Investors boosted its stake in shares of TotalEnergies by 1,438.5% in the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after buying an additional 49,245,192 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of TotalEnergies by 21,398.0% in the 4th 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 last quarter. Caisse Des Depots ET Consignations purchased a new position in shares of TotalEnergies in the 4th quarter worth approximately $1,982,676,000. Finally, Norges Bank purchased a new position in shares of TotalEnergies in the 4th quarter worth approximately $1,917,626,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Down 0.2%

Shares of TTE stock opened at $88.42 on Wednesday. The company’s fifty day simple moving average is $90.41 and its two-hundred day simple moving average is $78.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. The stock has a market capitalization of $212.00 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 3.00 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $44.58 billion. As a group, analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of research analyst reports. Scotiabank boosted their target price on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Piper Sandler boosted their target price on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Freedom Capital downgraded TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 13th. Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.