Rockefeller Capital Management L.P. Buys 93,385 Shares of TotalEnergies SE Sponsored ADR $TTE

Rockefeller Capital Management L.P. boosted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,155,764 shares of the company’s stock after purchasing an additional 93,385 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in TotalEnergies were worth $75,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TTE. World Investment Advisors lifted its holdings in shares of TotalEnergies by 11.7% during the 4th quarter. World Investment Advisors now owns 8,283 shares of the company’s stock worth $542,000 after acquiring an additional 865 shares during the last quarter. Larry Mathis Financial Planning LLC purchased a new position in TotalEnergies in the fourth quarter worth $474,000. Advisortrust Partners LLC bought a new position in TotalEnergies in the fourth quarter valued at $526,000. Hsbc Holdings PLC increased its stake in TotalEnergies by 626.1% in the fourth quarter. Hsbc Holdings PLC now owns 43,861 shares of the company’s stock valued at $2,856,000 after acquiring an additional 37,820 shares during the last quarter. Finally, Bayban bought a new position in TotalEnergies in the fourth quarter valued at $72,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Up 0.1%

Shares of TotalEnergies stock opened at $80.47 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 company’s fifty day simple moving average is $89.34 and its two-hundred day simple moving average is $79.66. The company has a market cap of $192.95 billion, a P/E ratio of 11.92, a PEG ratio of 2.73 and a beta of 0.12. 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 data on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.22 by $0.23. The business had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. Research analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on TTE. JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Piper Sandler raised their price objective on TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $84.33.

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.