Royal London Asset Management Ltd. Takes $139.57 Million Position in TotalEnergies SE Sponsored ADR $TTE

Royal London Asset Management Ltd. bought a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 4th quarter, Holdings Channel reports. The institutional investor bought 2,133,432 shares of the company’s stock, valued at approximately $139,569,000.

Other institutional investors also recently bought and sold shares of the company. Aberdeen Group plc boosted its position in shares of TotalEnergies by 14.5% in the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock valued at $25,124,000 after purchasing an additional 48,640 shares during the period. ABN AMRO Bank N.V. purchased a new stake in shares of TotalEnergies in the fourth quarter valued at about $122,831,000. Assetmark Inc. increased its position in TotalEnergies by 8.1% in the 4th quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock valued at $16,124,000 after acquiring an additional 18,480 shares during the period. Vanguard Group Inc. acquired a new stake in shares of TotalEnergies during the fourth quarter worth $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of TotalEnergies in the fourth quarter valued at about $830,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Scotiabank boosted their target price on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Piper Sandler raised their price target on TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Finally, Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Ten research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.33.

TotalEnergies Trading Up 0.4%

TotalEnergies stock opened at $88.08 on Friday. The stock has a 50-day moving average price of $90.26 and a 200 day moving average price of $79.07. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The stock has a market cap of $211.19 billion, a PE ratio of 13.05, a P/E/G ratio of 2.97 and a beta of 0.12. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.23. The company 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%. Equities research analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current fiscal 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.