Prudential PLC Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Prudential PLC bought a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 514,974 shares of the company’s stock, valued at approximately $33,587,000.

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

TotalEnergies Trading Up 0.5%

NYSE TTE opened at $90.05 on Friday. The firm’s 50-day moving average is $90.48 and its two-hundred day moving average is $78.16. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The stock has a market capitalization of $215.91 billion, a P/E ratio of 13.34, a PEG ratio of 3.18 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The company had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. On average, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Freedom Capital cut shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, February 13th. Finally, TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Ten 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.