Capital World Investors Buys 6,361,258 Shares of TotalEnergies SE Sponsored ADR $TTE

Capital World Investors grew its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 9,006.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,431,888 shares of the company’s stock after buying an additional 6,361,258 shares during the quarter. Capital World Investors’ holdings in TotalEnergies were worth $419,250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. MGO One Seven LLC grew its stake in shares of TotalEnergies by 1.3% during the fourth quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock worth $681,000 after buying an additional 137 shares during the last quarter. Clear Creek Financial Management LLC grew its stake in shares of TotalEnergies by 2.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock worth $414,000 after buying an additional 150 shares during the last quarter. Bruce G. Allen Investments LLC grew its stake in shares of TotalEnergies by 4.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 4,091 shares of the company’s stock worth $268,000 after purchasing an additional 172 shares during the last quarter. SkyView Investment Advisors LLC grew its stake in shares of TotalEnergies by 2.2% in the second quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company’s stock worth $495,000 after purchasing an additional 175 shares during the last quarter. Finally, OLD National Bancorp IN grew its stake in shares of TotalEnergies by 2.5% in the fourth quarter. OLD National Bancorp IN now owns 7,189 shares of the company’s stock worth $470,000 after purchasing an additional 176 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TTE opened at $88.53 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $212.27 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 3.01 and a beta of 0.12. The firm’s fifty day simple moving average is $90.47 and its two-hundred day simple moving average is $78.33. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17.

TotalEnergies (NYSE:TTE) last issued its quarterly 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. The business had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. As a group, analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current year.

Analysts Set New Price Targets

TTE has been the topic of several analyst reports. Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Freedom Capital cut shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 13th. Finally, Scotiabank boosted their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.