TotalEnergies SE Sponsored ADR $TTE Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 7,855.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,657,529 shares of the company’s stock after buying an additional 2,624,122 shares during the quarter. Russell Investments Group Ltd.’s holdings in TotalEnergies were worth $173,625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership lifted its holdings in TotalEnergies by 146.8% in the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after buying an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV acquired a new stake in shares of TotalEnergies during the fourth quarter valued at about $29,000. Lodestone Wealth Management LLC purchased a new stake in shares of TotalEnergies during the fourth quarter worth about $32,000. Elyxium Wealth LLC purchased a new stake in shares of TotalEnergies during the fourth quarter worth about $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of TotalEnergies in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TTE. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Zacks Research lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Finally, Piper Sandler lifted their price target on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, TotalEnergies presently has a consensus rating of “Hold” and a consensus target price of $84.33.

TotalEnergies Stock Up 0.2%

NYSE:TTE opened at $84.24 on Wednesday. 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 market capitalization 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. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The stock has a 50-day simple moving average of $89.93 and a 200 day simple moving average of $79.44.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The firm had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. Sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 EPS 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.