Russell Investments Group Ltd. Buys 339,204 Shares of TotalEnergies SE Sponsored ADR $TTE

Russell Investments Group Ltd. raised its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 11.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,375,097 shares of the company’s stock after purchasing an additional 339,204 shares during the quarter. Russell Investments Group Ltd.’s holdings in TotalEnergies were worth $290,482,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Amundi bought a new position in TotalEnergies during the first quarter worth $18,868,822,000. DekaBank Deutsche Girozentrale acquired a new position in TotalEnergies in the first quarter valued at $1,103,799,000. Janus Henderson Group PLC lifted its holdings in TotalEnergies by 25.2% in the first quarter. Janus Henderson Group PLC now owns 11,349,122 shares of the company’s stock valued at $1,055,775,000 after buying an additional 2,287,500 shares during the period. Bank of New York Mellon Corp lifted its holdings in TotalEnergies by 8.3% in the first quarter. Bank of New York Mellon Corp now owns 11,514,654 shares of the company’s stock valued at $1,047,603,000 after buying an additional 881,889 shares during the period. Finally, Groupe la Francaise boosted its position in TotalEnergies by 8.9% during the first quarter. Groupe la Francaise now owns 7,617,900 shares of the company’s stock valued at $683,234,000 after acquiring an additional 624,764 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TTE stock opened at $89.50 on Friday. The company has a market cap of $214.59 billion, a price-to-earnings ratio of 8.94 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 52 week low of $62.15 and a 52 week high of $95.78. The company has a quick ratio of 0.89, a current ratio of 1.11 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $89.73 and a 200-day moving average of $86.06.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Friday, October 30th. The company reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.84 by $0.19. TotalEnergies had a net margin of 9.61% and a return on equity of 19.08%. The company had revenue of $61.86 billion during the quarter, compared to analyst estimates of $55.39 billion. On average, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 12.95 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on TTE. Barclays reiterated an “overweight” rating on shares of TotalEnergies in a report on Monday, October 5th. Morgan Stanley lowered TotalEnergies from an “overweight” rating to an “equal weight” rating and set a $90.00 price objective for the company. in a research report on Thursday, September 3rd. Zacks Research raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. Weiss Ratings upgraded TotalEnergies from a “buy (b)” rating to a “buy (a-)” rating in a research report on Wednesday, November 4th. Finally, JPMorgan Chase & Co. cut TotalEnergies from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $96.00.

TotalEnergies Profile

TotalEnergies SE is a France-based integrated energy company with operations spanning the oil and natural gas value chain. Its activities include exploring for and producing hydrocarbons, processing and refining them, and supplying energy products to customers. The company also markets natural gas, including liquefied natural gas, and operates in electricity generation and renewable energy. Its portfolio includes solar and wind power, as well as energy storage and related services. Founded in 1924 as Compagnie française des pétroles, the company has expanded and evolved through acquisitions and business changes.