TotalEnergies SE Sponsored ADR $TTE Shares Bought by Clearbridge Investments LLC

Clearbridge Investments LLC boosted its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 231.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 242,553 shares of the company’s stock after acquiring an additional 169,425 shares during the period. Clearbridge Investments LLC’s holdings in TotalEnergies were worth $15,868,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. YANKCOM Partnership grew its position in TotalEnergies by 146.8% during the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after buying an additional 232 shares during the period. MH & Associates Securities Management Corp ADV acquired a new position in TotalEnergies in the 4th quarter worth about $29,000. Lodestone Wealth Management LLC acquired a new position in TotalEnergies in the 4th quarter worth about $32,000. Elyxium Wealth LLC acquired a new position in TotalEnergies in the 4th quarter worth about $33,000. Finally, Colonial Trust Advisors raised its holdings in TotalEnergies by 212.6% in the 3rd quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock worth $37,000 after purchasing an additional 421 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TTE shares. Freedom Capital cut TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 13th. Piper Sandler lifted their price target on shares of TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Finally, Scotiabank upped their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $88.59 on Thursday. The firm has a 50-day simple moving average of $90.36 and a 200-day simple moving average of $78.84. The stock has a market capitalization of $212.42 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 3.00 and a beta of 0.12. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. 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 for the quarter, topping 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%. On average, equities analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current fiscal year.

TotalEnergies 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.