9,061,622 Shares in TotalEnergies SE Sponsored ADR $TTE Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC acquired a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 9,061,622 shares of the company’s stock, valued at approximately $591,357,000.

Other institutional investors also recently bought and sold shares of the company. YANKCOM Partnership boosted 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 during the last quarter. MH & Associates Securities Management Corp ADV purchased a new position in TotalEnergies in the 4th quarter worth approximately $29,000. Lodestone Wealth Management LLC purchased a new position in TotalEnergies in the 4th quarter worth approximately $32,000. Elyxium Wealth LLC purchased a new position in TotalEnergies in the 4th quarter worth approximately $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in TotalEnergies in the 4th quarter worth approximately $38,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TTE shares. JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Piper Sandler raised their target price 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. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $84.33.

TotalEnergies Trading Down 2.3%

TTE opened at $82.26 on Thursday. The stock has a market capitalization of $197.23 billion, a PE ratio of 12.19, a P/E/G ratio of 2.85 and a beta of 0.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The business’s 50 day moving average price is $89.73 and its 200 day moving average price is $79.55.

TotalEnergies (NYSE:TTE) last announced 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 company had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. As a group, equities research analysts expect that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current 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.