Janus Henderson Group PLC Grows Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Janus Henderson Group PLC raised its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 25.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,349,122 shares of the company’s stock after purchasing an additional 2,287,500 shares during the quarter. Janus Henderson Group PLC’s holdings in TotalEnergies were worth $1,055,775,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TTE. Amundi bought a new stake in shares of TotalEnergies in the 1st quarter worth about $18,868,822,000. Vanguard Group Inc. bought a new position in shares of TotalEnergies in the 4th quarter valued at about $5,337,330,000. Capital International Investors grew its position in TotalEnergies by 1,438.5% in the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after acquiring an additional 49,245,192 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in TotalEnergies by 21,398.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock worth $2,641,693,000 after acquiring an additional 40,192,677 shares in the last quarter. Finally, Caisse Des Depots ET Consignations purchased a new position in TotalEnergies in the fourth quarter worth about $1,982,676,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TTE has been the topic of a number of recent research reports. TD Cowen upped their price objective on TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Mizuho started coverage on TotalEnergies in a report on Monday, July 20th. They issued an “outperform” rating and a $103.00 target price for the company. Weiss Ratings raised TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Zacks Research lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Eleven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.14.

TotalEnergies Stock Performance

TotalEnergies stock opened at $86.76 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85. The firm has a market capitalization of $208.03 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 3.00 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 1-year low of $57.39 and a 1-year high of $94.17. The company’s 50-day moving average is $83.54 and its 200 day moving average is $82.71.

TotalEnergies (NYSE:TTE) last announced its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. The business had revenue of $57.10 billion during the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. Research analysts forecast that TotalEnergies SE Sponsored ADR will post 10.56 EPS for the current year.

TotalEnergies Company 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.