Franklin Resources Inc. Boosts Stake in TotalEnergies SE Sponsored ADR $TTE

Franklin Resources Inc. lifted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 31.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,714,005 shares of the company’s stock after buying an additional 1,834,640 shares during the period. Franklin Resources Inc. owned approximately 0.32% of TotalEnergies worth $504,044,000 at the end of the most recent quarter.

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

TotalEnergies Price Performance

Shares of TotalEnergies stock opened at $88.75 on Tuesday. The firm has a market cap of $212.78 billion, a PE ratio of 13.15, a P/E/G ratio of 3.01 and a beta of 0.12. The business has a 50-day moving average price of $90.44 and a 200 day moving average price of $78.49. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. TotalEnergies SE Sponsored ADR has a twelve month low of $57.39 and a twelve month high of $94.17.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data 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 return on equity of 14.01% and a net margin of 7.43%.The business had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. Sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Freedom Capital lowered shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 13th. Scotiabank upped their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Wall Street Zen lowered TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Citigroup reissued a “buy” rating on shares of TotalEnergies in a report on Thursday, February 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.33.

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.