Jefferies Financial Group Inc. Makes New $54.92 Million Investment in TotalEnergies SE Sponsored ADR $TTE

Jefferies Financial Group Inc. acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 841,481 shares of the company’s stock, valued at approximately $54,922,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new position in TotalEnergies during the 4th quarter worth $5,337,330,000. Massachusetts Financial Services Co. MA grew its holdings in TotalEnergies by 21,398.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock worth $2,641,693,000 after acquiring an additional 40,192,677 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new position in shares of TotalEnergies in the 4th quarter valued at about $1,982,676,000. Bank of America Corp DE boosted its holdings in shares of TotalEnergies by 10.0% in 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 buying an additional 888,574 shares during the period. Finally, Bank of Italy acquired a new position in shares of TotalEnergies in the 4th quarter valued at about $422,957,000. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Trading Down 0.8%

NYSE TTE opened at $91.59 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The company has a 50-day simple moving average of $89.97 and a 200-day simple moving average of $76.40. The firm has a market capitalization of $219.59 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 3.25 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a one year low of $57.26 and a one year high of $94.17.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. On average, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Freedom Capital lowered shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 13th. Citigroup reaffirmed a “buy” rating on shares of TotalEnergies in a report on Thursday, February 12th. Scotiabank lifted their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Finally, Wall Street Zen raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.