Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,510 shares of the company’s stock, valued at approximately $425,000.
A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. acquired a new stake in shares of TotalEnergies in the fourth quarter valued at $5,337,330,000. Capital International Investors grew its stake in shares of TotalEnergies by 1,438.5% in the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after buying an additional 49,245,192 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of TotalEnergies by 21,398.0% in 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 buying an additional 40,192,677 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new stake in shares of TotalEnergies in the fourth quarter valued at $1,982,676,000. Finally, Norges Bank acquired a new stake in shares of TotalEnergies in the fourth quarter valued at $1,917,626,000. 16.53% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on TTE. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Wall Street Zen cut TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Finally, 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. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.33.
TotalEnergies Trading Up 0.1%
TTE opened at $88.08 on Monday. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The stock has a market capitalization of $211.19 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 2.99 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 business has a fifty day moving average price of $90.26 and a 200 day moving average price of $79.17.
TotalEnergies (NYSE:TTE – Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $2.45 EPS 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 firm had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. Sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share 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.
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