TotalEnergies SE Sponsored ADR $TTE Shares Bought by Capital International Investors

Capital International Investors increased its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 1,438.5% in the 4th quarter, HoldingsChannel reports. The firm owned 52,668,676 shares of the company’s stock after purchasing an additional 49,245,192 shares during the period. Capital International Investors’ holdings in TotalEnergies were worth $3,435,988,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital Group Private Client Services Inc. acquired a new position in TotalEnergies during the fourth quarter worth about $28,117,000. Capital Group Investment Management PTE. LTD. acquired a new position in TotalEnergies during the fourth quarter worth about $8,416,000. 111 Capital acquired a new position in TotalEnergies during the fourth quarter worth about $1,319,000. Lowe Brockenbrough & Co. Inc. grew its position in TotalEnergies by 0.5% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 73,716 shares of the company’s stock worth $4,823,000 after buying an additional 370 shares during the period. Finally, Argonautica Private Wealth Management Inc. grew its position in TotalEnergies by 48.2% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 10,084 shares of the company’s stock worth $660,000 after buying an additional 3,281 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $88.53 on Friday. The company has a market cap of $212.27 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 3.15 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. 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 company has a 50-day simple moving average of $90.47 and a 200-day simple moving average of $78.23.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. On average, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Freedom Capital lowered shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, February 13th. Scotiabank upped their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Piper Sandler upped their target price on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Company 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.