Capital International Ltd. CA Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Capital International Ltd. CA purchased a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 553,107 shares of the company’s stock, valued at approximately $36,130,000. TotalEnergies comprises 1.3% of Capital International Ltd. CA’s investment portfolio, making the stock its 16th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. MGO One Seven LLC grew its position in TotalEnergies by 1.3% in the 4th quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock worth $681,000 after purchasing an additional 137 shares during the last quarter. Clear Creek Financial Management LLC grew its position in TotalEnergies by 2.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock worth $414,000 after purchasing an additional 150 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in TotalEnergies by 4.4% in the 4th quarter. Bruce G. Allen Investments LLC now owns 4,091 shares of the company’s stock worth $268,000 after purchasing an additional 172 shares during the last quarter. SkyView Investment Advisors LLC grew its position in TotalEnergies by 2.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company’s stock worth $495,000 after purchasing an additional 175 shares during the last quarter. Finally, OLD National Bancorp IN lifted its holdings in shares of TotalEnergies by 2.5% during the 4th quarter. OLD National Bancorp IN now owns 7,189 shares of the company’s stock worth $470,000 after acquiring an additional 176 shares during the period. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTE has been the subject of a number of analyst reports. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Freedom Capital cut shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, February 13th. Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Citigroup restated a “buy” rating on shares of TotalEnergies in a research report on Thursday, February 12th. Finally, Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.33.

TotalEnergies Stock Down 1.8%

Shares of NYSE:TTE opened at $88.53 on Friday. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The company has a 50 day moving average of $90.47 and a 200-day moving average of $78.23. 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 stock has a market cap of $212.27 billion, a price-to-earnings ratio of 13.12, a P/E/G ratio of 3.15 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping the consensus estimate 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, sell-side analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current 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.