Ninety One UK Ltd Takes $59.75 Million Position in TotalEnergies SE Sponsored ADR $TTE

Ninety One UK Ltd acquired a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 915,180 shares of the company’s stock, valued at approximately $59,750,000.

Several other large investors have also added to or reduced their stakes in TTE. First Horizon Corp acquired a new stake in TotalEnergies during the third quarter worth approximately $25,000. YANKCOM Partnership grew its stake in TotalEnergies by 146.8% during the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after purchasing an additional 232 shares during the period. Grey Fox Wealth Advisors LLC acquired a new stake in TotalEnergies during the third quarter worth approximately $29,000. MH & Associates Securities Management Corp ADV acquired a new stake in TotalEnergies during the fourth quarter worth approximately $29,000. Finally, Lodestone Wealth Management LLC acquired a new stake in TotalEnergies during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Down 3.9%

TTE stock opened at $87.16 on Friday. The stock’s 50 day simple moving average is $84.07 and its 200 day simple moving average is $71.43. TotalEnergies SE Sponsored ADR has a fifty-two week low of $56.31 and a fifty-two week high of $93.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 0.97. The company has a market cap of $208.99 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 3.87 and a beta of 0.13.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.01. The business had revenue of $45.93 billion for the quarter, compared to the consensus estimate of $36.69 billion. TotalEnergies had a return on equity of 13.14% and a net margin of 6.52%. On average, research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on TTE. Zacks Research raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 30th. Wall Street Zen raised TotalEnergies to a “hold” rating in a research note on Saturday, January 17th. Jefferies Financial Group raised TotalEnergies from a “hold” rating to a “buy” rating in a research note on Thursday, January 8th. Kepler Capital Markets downgraded TotalEnergies from a “hold” rating to a “reduce” rating in a research note on Tuesday, January 27th. Finally, TD Cowen raised TotalEnergies from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.54.

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.