Gabelli Funds LLC Purchases 21,800 Shares of TotalEnergies SE Sponsored ADR $TTE

Gabelli Funds LLC increased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 333,200 shares of the company’s stock after acquiring an additional 21,800 shares during the period. Gabelli Funds LLC’s holdings in TotalEnergies were worth $21,798,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of TotalEnergies in the fourth quarter worth $33,000. May Hill Capital LLC grew its holdings in TotalEnergies by 90.2% during the fourth quarter. May Hill Capital LLC now owns 9,764 shares of the company’s stock valued at $639,000 after purchasing an additional 4,631 shares during the period. AlphaCore Capital LLC grew its holdings in TotalEnergies by 31.6% during the fourth quarter. AlphaCore Capital LLC now owns 21,441 shares of the company’s stock valued at $1,403,000 after purchasing an additional 5,149 shares during the period. ANTIPODES PARTNERS Ltd bought a new stake in TotalEnergies during the fourth quarter valued at about $90,818,000. Finally, Phoenix Financial Ltd. bought a new stake in TotalEnergies during the fourth quarter valued at about $209,000. Institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup reissued a “buy” rating on shares of TotalEnergies in a report on Thursday, February 12th. Wolfe Research reissued an “outperform” rating and set a $83.00 price target on shares of TotalEnergies in a report on Wednesday, January 21st. Scotiabank boosted their price target on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. TD Cowen restated a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Finally, BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Price Performance

Shares of TotalEnergies stock opened at $93.46 on Tuesday. The stock’s 50-day simple moving average is $88.99 and its 200-day simple moving average is $75.65. TotalEnergies SE Sponsored ADR has a 52 week low of $57.26 and a 52 week high of $94.17. The company has a market capitalization of $224.09 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 3.28 and a beta of 0.14. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTE) last announced 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. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The business had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. As a group, analysts expect that TotalEnergies SE Sponsored ADR will post 10.59 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.