164,875 Shares in TotalEnergies SE Sponsored ADR $TTE Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 164,875 shares of the company’s stock, valued at approximately $10,753,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. YANKCOM Partnership raised its stake in TotalEnergies by 146.8% in the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after buying an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV acquired a new position in TotalEnergies during the fourth quarter worth approximately $29,000. Lodestone Wealth Management LLC purchased a new stake in TotalEnergies in the 4th quarter valued at $32,000. Elyxium Wealth LLC purchased a new stake in shares of TotalEnergies in the fourth quarter valued at about $33,000. Finally, Colonial Trust Advisors grew its position in TotalEnergies by 212.6% in the 3rd quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock valued at $37,000 after buying an additional 421 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Freedom Capital downgraded shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, February 13th. Wall Street Zen upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Finally, Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Stock Performance

NYSE:TTE opened at $90.25 on Wednesday. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The company has a market cap of $216.39 billion, a P/E ratio of 13.37, a P/E/G ratio of 3.25 and a beta of 0.14. 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 firm’s 50 day moving average is $90.33 and its two-hundred day moving average is $76.93.

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