Freemont Management S.A. Acquires New Stake in TotalEnergies SE Sponsored ADR $TTE

Freemont Management S.A. acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, Holdings Channel reports. The fund acquired 60,000 shares of the company’s stock, valued at approximately $3,925,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Aberdeen Group plc grew its stake in shares of TotalEnergies by 14.5% during the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock worth $25,124,000 after acquiring an additional 48,640 shares in the last quarter. Assetmark Inc. lifted its position in shares of TotalEnergies by 8.1% in the fourth quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock worth $16,124,000 after purchasing an additional 18,480 shares in the last quarter. Vanguard Group Inc. acquired a new position in TotalEnergies during the fourth quarter worth $5,337,330,000. ABN AMRO Bank N.V. bought a new position in TotalEnergies in the fourth quarter valued at $122,831,000. Finally, Campbell & CO Investment Adviser LLC grew its position in TotalEnergies by 334.6% in the third quarter. Campbell & CO Investment Adviser LLC now owns 35,005 shares of the company’s stock valued at $2,089,000 after purchasing an additional 26,951 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Price Performance

NYSE:TTE opened at $91.39 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average price is $88.10 and its two-hundred day moving average price is $75.01. The firm has a market capitalization of $219.12 billion, a price-to-earnings ratio of 13.54, a P/E/G ratio of 3.16 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 12-month low of $57.26 and a 12-month high of $93.67.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. On average, analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on TTE shares. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Zacks Research upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Monday, March 30th. Freedom Capital lowered TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 13th. TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies 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.