Cullen Capital Management LLC boosted its position in TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 199,123 shares of the company’s stock after acquiring an additional 8,608 shares during the period. Cullen Capital Management LLC’s holdings in TotalEnergies were worth $13,027,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Aberdeen Group plc boosted its stake in shares of TotalEnergies by 14.5% during the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock valued at $25,124,000 after purchasing an additional 48,640 shares in the last quarter. ABN AMRO Bank N.V. bought a new stake in shares of TotalEnergies during the 4th quarter valued at about $122,831,000. Assetmark Inc. boosted its stake in shares of TotalEnergies by 8.1% during the 4th quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock valued at $16,124,000 after purchasing an additional 18,480 shares in the last quarter. Vanguard Group Inc. bought a new stake in shares of TotalEnergies during the 4th quarter valued at about $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of TotalEnergies during the 4th quarter valued at about $830,000. Institutional investors own 16.53% of the company’s stock.
TotalEnergies Trading Up 0.4%
Shares of NYSE TTE opened at $88.08 on Friday. 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 stock has a market cap of $211.19 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 2.97 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. The firm has a 50-day moving average of $90.26 and a 200 day moving average of $79.07.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Piper Sandler lifted their target price on shares of TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Scotiabank lifted their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Finally, Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.33.
Get Our Latest Analysis on TotalEnergies
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.
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