USS Investment Management Ltd Takes Position in TotalEnergies SE Sponsored ADR $TTE

USS Investment Management Ltd purchased a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 269,233 shares of the company’s stock, valued at approximately $17,558,000.

A number of other large investors have also made changes to their positions in the company. Aberdeen Group plc grew its position in TotalEnergies by 14.5% in the fourth quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock worth $25,124,000 after acquiring an additional 48,640 shares in the last quarter. ABN AMRO Bank N.V. bought a new stake in shares of TotalEnergies during the 4th quarter worth $122,831,000. Assetmark Inc. boosted 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 buying an additional 18,480 shares during the period. Vanguard Group Inc. bought a new stake in shares of TotalEnergies during the 4th quarter worth $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of TotalEnergies during the 4th quarter worth $830,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

TTE has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Scotiabank upped their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price of $84.33.

TotalEnergies Price Performance

NYSE:TTE opened at $88.08 on Monday. The stock has a market cap of $211.19 billion, a P/E ratio of 13.05, a PEG ratio of 2.99 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The company has a fifty day moving average price of $90.26 and a 200 day moving average price of $79.17. 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 (NYSE:TTE) last released its earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. Analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current 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.