Aventail Capital Group LP Boosts Stake in TotalEnergies SE Sponsored ADR $TTE

Aventail Capital Group LP boosted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 123.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 212,913 shares of the company’s stock after acquiring an additional 117,776 shares during the period. Aventail Capital Group LP’s holdings in TotalEnergies were worth $13,929,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTE. Vanguard Group Inc. purchased a new stake in TotalEnergies in the 4th quarter valued at approximately $5,337,330,000. Capital International Investors increased its holdings in shares of TotalEnergies by 1,438.5% during the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after buying an additional 49,245,192 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in TotalEnergies by 21,398.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock worth $2,641,693,000 after purchasing an additional 40,192,677 shares during the period. Caisse Des Depots ET Consignations purchased a new stake in TotalEnergies during the 4th quarter worth $1,982,676,000. Finally, Norges Bank purchased a new stake in TotalEnergies during the 4th quarter worth $1,917,626,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

NYSE:TTE opened at $82.26 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The firm has a 50-day moving average of $89.73 and a two-hundred day moving average of $79.55. The stock has a market cap of $197.23 billion, a P/E ratio of 12.19, a PEG ratio of 2.85 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a 1-year low of $57.39 and a 1-year high of $94.17.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. On average, research analysts expect that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TTE has been the subject of a number of research reports. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Zacks Research cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. 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. Finally, TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Nine research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.