20,693 Shares in TotalEnergies SE Sponsored ADR $TTE Bought by Pzena Investment Management LLC

Pzena Investment Management LLC purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,693 shares of the company’s stock, valued at approximately $1,354,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its holdings in TotalEnergies by 181.8% during the fourth quarter. Global Retirement Partners LLC now owns 14,950 shares of the company’s stock worth $978,000 after buying an additional 9,645 shares in the last quarter. IFP Advisors Inc boosted its holdings in TotalEnergies by 94.5% during the fourth quarter. IFP Advisors Inc now owns 2,820 shares of the company’s stock worth $184,000 after buying an additional 1,370 shares in the last quarter. Intrust Bank NA boosted its holdings in TotalEnergies by 11.5% during the fourth quarter. Intrust Bank NA now owns 39,617 shares of the company’s stock worth $2,592,000 after buying an additional 4,092 shares in the last quarter. Harvest Portfolios Group Inc. boosted its holdings in TotalEnergies by 4.7% during the fourth quarter. Harvest Portfolios Group Inc. now owns 29,533 shares of the company’s stock worth $1,932,000 after buying an additional 1,323 shares in the last quarter. Finally, Saranac Partners Ltd purchased a new stake in TotalEnergies during the fourth quarter worth $1,349,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

TTE opened at $91.59 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The company has a market cap of $219.59 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 3.28 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 52-week low of $57.26 and a 52-week high of $94.17. The firm’s fifty day simple moving average is $89.97 and its two-hundred day simple moving average is $76.40.

TotalEnergies (NYSE:TTE) last posted 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. The business had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. Equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TTE. JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. TD Cowen reissued a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Freedom Capital downgraded shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 13th. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and an average 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.