Janus Henderson Group PLC Takes Position in TotalEnergies SE Sponsored ADR $TTE

Janus Henderson Group PLC bought a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,061,622 shares of the company’s stock, valued at approximately $591,357,000. Janus Henderson Group PLC owned about 0.38% of TotalEnergies as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of TTE. Vanguard Group Inc. bought a new position in shares of TotalEnergies during the fourth quarter valued at approximately $5,337,330,000. Capital International Investors grew its stake in TotalEnergies by 1,438.5% in 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 in the last quarter. Massachusetts Financial Services Co. MA grew its stake in TotalEnergies by 21,398.0% in 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 in the last quarter. Caisse Des Depots ET Consignations bought a new position in TotalEnergies in the fourth quarter worth approximately $1,982,676,000. Finally, Norges Bank bought a new position in TotalEnergies in the fourth quarter worth approximately $1,917,626,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TTE stock opened at $82.26 on Thursday. The business has a fifty day moving average of $89.73 and a 200 day moving average of $79.55. The firm has a market capitalization of $197.23 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 2.85 and a beta of 0.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. The company had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. As a group, research analysts expect that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Scotiabank increased their target price on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Piper Sandler increased their target price on TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Nine investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, TotalEnergies currently has an average rating of “Hold” and an average price target of $84.33.

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.