TotalEnergies SE Sponsored ADR $TTE is Equity Investment Corp’s 6th Largest Position

Equity Investment Corp lifted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,270,475 shares of the company’s stock after purchasing an additional 16,262 shares during the quarter. TotalEnergies comprises approximately 3.0% of Equity Investment Corp’s portfolio, making the stock its 6th biggest position. Equity Investment Corp’s holdings in TotalEnergies were worth $148,534,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. purchased a new stake in shares of TotalEnergies during the fourth quarter worth approximately $5,337,330,000. Capital International Investors raised its stake in shares of TotalEnergies by 1,438.5% during the fourth 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 last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of TotalEnergies by 21,398.0% during the fourth 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 stake in shares of TotalEnergies during the fourth quarter worth approximately $1,982,676,000. Finally, Norges Bank purchased a new stake in shares of TotalEnergies during the fourth quarter worth approximately $1,917,626,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TTE shares. Piper Sandler upped their price objective on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Scotiabank upped their target price on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Finally, BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. 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. According to data from MarketBeat, TotalEnergies has an average rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Stock Down 0.5%

Shares of NYSE:TTE opened at $87.92 on Friday. 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 52-week low of $57.39 and a 52-week high of $94.17. The stock’s fifty day simple moving average is $90.29 and its 200-day simple moving average is $79.01. The company has a market capitalization of $210.81 billion, a P/E ratio of 13.03, a P/E/G ratio of 3.00 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last issued 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. 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, equities research analysts forecast 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.