Jefferies Financial Group Inc. Buys Shares of 841,481 TotalEnergies SE Sponsored ADR $TTE

Jefferies Financial Group Inc. bought a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, Holdings Channel.com reports. The firm bought 841,481 shares of the company’s stock, valued at approximately $54,922,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TTE. Vanguard Group Inc. acquired a new position in TotalEnergies during the 4th quarter valued at about $5,337,330,000. Massachusetts Financial Services Co. MA boosted its stake in TotalEnergies by 21,398.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after purchasing an additional 40,192,677 shares during the period. Caisse Des Depots ET Consignations acquired a new position in TotalEnergies during the 4th quarter valued at about $1,982,676,000. Bank of Italy bought a new stake in shares of TotalEnergies during the 4th quarter worth about $422,957,000. Finally, ABN AMRO Bank N.V. bought a new stake in shares of TotalEnergies during the 4th quarter worth about $122,831,000. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Down 0.8%

TTE stock opened at $91.59 on Friday. 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 $219.59 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 3.25 and a beta of 0.14. The firm’s 50-day moving average is $89.97 and its two-hundred day moving average is $76.40. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The business had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. On average, analysts forecast that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Citigroup restated a “buy” rating on shares of TotalEnergies in a research report on Thursday, February 12th. Wall Street Zen upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 30th. Scotiabank boosted their price target 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. Finally, TD Cowen restated a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.