Border to Coast Pensions Partnership Ltd Purchases New Position in TotalEnergies SE Sponsored ADR $TTE

Border to Coast Pensions Partnership Ltd acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,115,885 shares of the company’s stock, valued at approximately $104,347,000. TotalEnergies makes up approximately 1.8% of Border to Coast Pensions Partnership Ltd’s investment portfolio, making the stock its 14th biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aberdeen Group plc boosted its holdings in shares of TotalEnergies by 14.5% during the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock valued at $25,124,000 after acquiring an additional 48,640 shares in the last quarter. ABN AMRO Bank N.V. acquired a new position in TotalEnergies in the 4th quarter worth about $122,831,000. Assetmark Inc. raised its position in TotalEnergies by 8.1% in the fourth quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock valued at $16,124,000 after purchasing an additional 18,480 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in TotalEnergies in the fourth quarter valued at about $830,000. Finally, Vanguard Group Inc. acquired a new stake in shares of TotalEnergies during the fourth quarter valued at about $5,337,330,000. Institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

TTE has been the topic of several research reports. Wall Street Zen upgraded TotalEnergies from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. CICC Research began coverage on shares of TotalEnergies in a report on Tuesday, June 23rd. They issued an “outperform” rating for the company. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Stock Down 1.9%

Shares of NYSE:TTE opened at $76.76 on Friday. The firm has a market cap of $184.05 billion, a P/E ratio of 11.37, a P/E/G ratio of 2.60 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. The business has a fifty day simple moving average of $88.15 and a 200 day simple moving average of $80.12. 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 (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 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.