Russell Investments Group Ltd. Grows Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Russell Investments Group Ltd. raised its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 7,855.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,657,529 shares of the company’s stock after acquiring an additional 2,624,122 shares during the period. Russell Investments Group Ltd. owned 0.11% of TotalEnergies worth $173,625,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Aberdeen Group plc grew its holdings in TotalEnergies by 14.5% in the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock valued at $25,124,000 after buying an additional 48,640 shares during the period. ABN AMRO Bank N.V. purchased a new position in shares of TotalEnergies during the 4th quarter worth about $122,831,000. Assetmark Inc. lifted its holdings in shares of TotalEnergies by 8.1% during the 4th quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock worth $16,124,000 after acquiring an additional 18,480 shares during the period. Vanguard Group Inc. acquired a new stake in shares of TotalEnergies in the fourth quarter worth approximately $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of TotalEnergies in the fourth quarter worth approximately $830,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TTE. Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. TD Cowen restated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Wall Street Zen lowered TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $84.33.

TotalEnergies Stock Up 0.2%

Shares of TotalEnergies stock opened at $84.24 on Wednesday. TotalEnergies SE Sponsored ADR has a twelve month low of $57.39 and a twelve month high of $94.17. The stock has a market cap of $201.98 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 2.85 and a beta of 0.12. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average price of $89.93 and a 200 day moving average price of $79.44.

TotalEnergies (NYSE:TTE) last released 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 company 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%. Equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current fiscal year.

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.