Aviva PLC Buys New Stake in TotalEnergies SE Sponsored ADR $TTE

Aviva PLC purchased a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 4th quarter, HoldingsChannel reports. The fund purchased 3,408,191 shares of the company’s stock, valued at approximately $222,321,000.

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

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $87.92 on Friday. 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 stock has a market capitalization of $210.81 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 3.00 and a beta of 0.12. The stock’s fifty day simple moving average is $90.29 and its 200 day simple moving average is $79.01. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping 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 return on equity of 14.01% and a net margin of 7.43%. As a group, sell-side analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TTE has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.