Border to Coast Pensions Partnership Ltd Invests $104.35 Million in TotalEnergies SE Sponsored ADR $TTE

Border to Coast Pensions Partnership Ltd purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,115,885 shares of the company’s stock, valued at approximately $104,347,000. TotalEnergies comprises about 1.8% of Border to Coast Pensions Partnership Ltd’s investment portfolio, making the stock its 14th largest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Traveka Wealth LLC bought a new position in TotalEnergies during the 1st quarter worth $228,000. Sterling Capital Management LLC bought a new stake in shares of TotalEnergies in the first quarter valued at about $1,854,000. Venturi Wealth Management LLC boosted its position in shares of TotalEnergies by 5.9% in the first quarter. Venturi Wealth Management LLC now owns 107,991 shares of the company’s stock valued at $9,825,000 after acquiring an additional 5,983 shares during the period. Piedmont Capital Management LLC NC acquired a new position in shares of TotalEnergies in the first quarter valued at about $308,000. Finally, J2 Capital Management Inc grew its stake in shares of TotalEnergies by 4.8% in the first quarter. J2 Capital Management Inc now owns 8,548 shares of the company’s stock valued at $778,000 after acquiring an additional 392 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on TTE shares. Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. CICC Research began coverage on shares of TotalEnergies in a research note on Tuesday, June 23rd. They set an “outperform” rating on the stock. Scotiabank raised their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Trading Down 1.9%

Shares of TTE opened at $76.76 on Friday. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17. The business’s fifty day moving average is $88.15 and its 200-day moving average is $80.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The firm has a market cap of $184.05 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 2.60 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping 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 business had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. Equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 EPS 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.