Barings LLC Takes $26.52 Million Position in TotalEnergies SE Sponsored ADR $TTE

Barings LLC bought a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 406,567 shares of the company’s stock, valued at approximately $26,517,000. TotalEnergies accounts for approximately 0.5% of Barings LLC’s investment portfolio, making the stock its 28th largest holding.

Other institutional investors have also modified their holdings of the company. YANKCOM Partnership increased its holdings in shares of TotalEnergies by 146.8% in the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after purchasing an additional 232 shares during the period. MH & Associates Securities Management Corp ADV acquired a new position in shares of TotalEnergies during the fourth quarter worth about $29,000. Lodestone Wealth Management LLC acquired a new position in shares of TotalEnergies during the fourth quarter worth about $32,000. Elyxium Wealth LLC acquired a new position in shares of TotalEnergies during the fourth quarter worth about $33,000. Finally, Colonial Trust Advisors increased its stake in shares of TotalEnergies by 212.6% during the third quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock worth $37,000 after acquiring an additional 421 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Down 0.5%

TTE stock opened at $87.92 on Friday. The company’s 50 day simple moving average is $90.29 and its 200-day simple moving average is $79.01. The firm has a market capitalization of $210.81 billion, a PE ratio of 13.03, a P/E/G ratio of 3.00 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 company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. The business had revenue of $49.52 billion for 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%. Equities analysts expect that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TTE. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Wall Street Zen lowered TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Zacks Research lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Citigroup reaffirmed a “buy” rating on shares of TotalEnergies in a report on Thursday, February 12th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.33.

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.