BNP Paribas Makes New $23.87 Million Investment in TotalEnergies SE Sponsored ADR $TTE

BNP Paribas purchased a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 365,388 shares of the company’s stock, valued at approximately $23,872,000.

A number of other large investors have also bought and sold shares of TTE. Aberdeen Group plc grew 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 valued at $25,124,000 after buying an additional 48,640 shares during the last quarter. ABN AMRO Bank N.V. acquired a new position in shares of TotalEnergies during the fourth quarter valued at about $122,831,000. Assetmark Inc. grew its holdings in shares of TotalEnergies by 8.1% during the fourth quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock valued at $16,124,000 after buying an additional 18,480 shares during the last quarter. Vanguard Group Inc. acquired a new position in shares of TotalEnergies during the fourth quarter valued at about $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of TotalEnergies during the fourth quarter valued at about $830,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on TTE shares. Scotiabank raised their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Wall Street Zen lowered shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Stock Performance

NYSE TTE opened at $88.63 on Tuesday. The company’s 50 day moving average is $90.42 and its 200-day moving average is $77.63. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17. 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 has a market cap of $212.50 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 3.10 and a beta of 0.12.

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 the consensus estimate of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The company had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. Sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share 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.