Sterling Capital Management LLC Acquires Shares of 20,380 TotalEnergies SE Sponsored ADR $TTE

Sterling Capital Management LLC acquired a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,380 shares of the company’s stock, valued at approximately $1,854,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. acquired a new position in shares of TotalEnergies in the 4th quarter valued at $5,337,330,000. Capital International Investors boosted its stake in TotalEnergies by 1,438.5% during the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after purchasing an additional 49,245,192 shares during the period. Massachusetts Financial Services Co. MA grew its position 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 worth $2,641,693,000 after purchasing an additional 40,192,677 shares during the last quarter. Caisse Des Depots ET Consignations purchased a new position in TotalEnergies during the 4th quarter worth $1,982,676,000. Finally, Norges Bank acquired a new position in TotalEnergies in the fourth quarter valued at $1,917,626,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Zacks Research cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Piper Sandler raised their price target on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Scotiabank boosted their price target on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Finally, Wall Street Zen raised TotalEnergies from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Stock Performance

NYSE:TTE opened at $77.70 on Tuesday. 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 SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The stock has a market cap of $186.31 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 2.60 and a beta of 0.12. The firm’s fifty day simple moving average is $87.89 and its 200-day simple moving average is $80.31.

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. The firm had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. 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.