Capital International Sarl Makes New $73.27 Million Investment in TotalEnergies SE Sponsored ADR $TTE

Capital International Sarl purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the fourth quarter, Holdings Channel reports. The fund purchased 1,122,566 shares of the company’s stock, valued at approximately $73,274,000. TotalEnergies accounts for approximately 1.2% of Capital International Sarl’s portfolio, making the stock its 18th biggest holding.

A number of other large investors also recently added to or reduced their stakes in the company. Capital International Ltd. CA acquired a new position in TotalEnergies during the fourth quarter worth $36,130,000. Capital International Inc. CA acquired a new position in TotalEnergies during the fourth quarter worth $171,919,000. Capital International Investors lifted its stake in TotalEnergies by 1,438.5% during the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after purchasing an additional 49,245,192 shares in the last quarter. Capital Group Private Client Services Inc. acquired a new position in TotalEnergies during the fourth quarter worth $28,117,000. Finally, Capital Group Investment Management PTE. LTD. acquired a new position in TotalEnergies during the fourth quarter worth $8,416,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Down 1.8%

Shares of NYSE TTE opened at $88.53 on Friday. The stock has a market cap of $212.27 billion, a P/E ratio of 13.12, a PEG ratio of 3.15 and a beta of 0.12. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17. The business’s fifty day simple moving average is $90.47 and its 200-day simple moving average is $78.23.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data 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. 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, equities analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TTE shares. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Citigroup reiterated a “buy” rating on shares of TotalEnergies in a research note on Thursday, February 12th. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Freedom Capital cut TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 13th. Finally, TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. 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. According to MarketBeat.com, the company currently has an average 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.