Barings LLC Has $56.59 Million Stock Position in TotalEnergies SE Sponsored ADR $TTE

Barings LLC lifted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 48.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 605,230 shares of the company’s stock after buying an additional 198,663 shares during the period. TotalEnergies comprises approximately 0.9% of Barings LLC’s investment portfolio, making the stock its 12th biggest position. Barings LLC’s holdings in TotalEnergies were worth $56,592,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TTE. Angeles Wealth Management LLC acquired a new position in shares of TotalEnergies in the first quarter valued at approximately $260,000. Allspring Global Investments Holdings LLC increased its position in TotalEnergies by 8.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 564,005 shares of the company’s stock valued at $50,872,000 after acquiring an additional 42,133 shares during the period. Independent Financial Group LLC acquired a new position in TotalEnergies in the 1st quarter valued at approximately $239,000. Prosperity Consulting Group LLC bought a new position in shares of TotalEnergies during the first quarter valued at $288,000. Finally, D.A. Davidson & CO. raised its stake in shares of TotalEnergies by 19.7% during the first quarter. D.A. Davidson & CO. now owns 98,020 shares of the company’s stock valued at $8,918,000 after acquiring an additional 16,105 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Scotiabank boosted their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Finally, Wall Street Zen lowered TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Ten 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Stock Performance

Shares of TTE opened at $78.83 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $189.00 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 2.85 and a beta of 0.14. The firm’s fifty day simple moving average is $84.85 and its two-hundred day simple moving average is $81.48. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping 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 firm had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. As a group, analysts predict that TotalEnergies SE Sponsored ADR will post 10.58 EPS 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.