Vanguard Group Inc. Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Vanguard Group Inc. bought a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 81,863,403 shares of the company’s stock, valued at approximately $5,337,330,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its holdings 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 valued at $2,641,693,000 after acquiring an additional 40,192,677 shares in the last quarter. Bank of America Corp DE increased its stake in TotalEnergies by 10.0% during the 2nd quarter. Bank of America Corp DE now owns 9,802,968 shares of the company’s stock valued at $601,804,000 after purchasing an additional 888,574 shares in the last quarter. Bank of Italy bought a new stake in TotalEnergies during the 4th quarter valued at $422,957,000. Federated Hermes Inc. increased its stake in TotalEnergies by 7.3% during the 3rd quarter. Federated Hermes Inc. now owns 3,842,244 shares of the company’s stock valued at $229,344,000 after purchasing an additional 260,117 shares in the last quarter. Finally, Capital International Investors increased its stake in TotalEnergies by 0.8% during the 3rd quarter. Capital International Investors now owns 3,423,484 shares of the company’s stock valued at $211,297,000 after purchasing an additional 27,614 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Trading Down 1.0%

Shares of TotalEnergies stock opened at $88.86 on Tuesday. The stock has a fifty day simple moving average of $85.62 and a 200 day simple moving average of $72.85. The company has a current ratio of 0.97, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42. TotalEnergies SE Sponsored ADR has a 12-month low of $56.31 and a 12-month high of $93.49. The company has a market capitalization of $213.05 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 3.90 and a beta of 0.13.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.01. TotalEnergies had a return on equity of 13.14% and a net margin of 6.52%.The business had revenue of $45.93 billion for the quarter, compared to analysts’ expectations of $36.69 billion. On average, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

TTE has been the subject of a number of recent research reports. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Scotiabank raised their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Finally, Piper Sandler upped 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.97.

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.