Ninety One SA Pty Ltd Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Ninety One SA Pty Ltd acquired a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 109,561 shares of the company’s stock, valued at approximately $7,153,000.

Other hedge funds have also recently made changes to their positions in the company. YANKCOM Partnership increased its position in shares of TotalEnergies by 146.8% during the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after acquiring an additional 232 shares in the last quarter. First Horizon Corp bought a new position in TotalEnergies in the 3rd quarter valued at about $25,000. MH & Associates Securities Management Corp ADV bought a new position in TotalEnergies in the 4th quarter valued at about $29,000. Grey Fox Wealth Advisors LLC acquired a new position in TotalEnergies during the 3rd quarter valued at about $29,000. Finally, Lodestone Wealth Management LLC acquired a new position in TotalEnergies during the 4th quarter valued at about $32,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Trading Down 3.9%

NYSE:TTE opened at $87.16 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 0.97. The firm has a market cap of $208.99 billion, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 3.87 and a beta of 0.13. TotalEnergies SE Sponsored ADR has a 52 week low of $56.31 and a 52 week high of $93.49. The firm has a 50-day moving average price of $84.07 and a two-hundred day moving average price of $71.43.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, February 11th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.72 by $0.01. TotalEnergies had a net margin of 6.52% and a return on equity of 13.14%. The firm had revenue of $45.93 billion for the quarter, compared to analysts’ expectations of $36.69 billion. On average, equities analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. TD Cowen raised TotalEnergies from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research note on Wednesday, March 18th. Kepler Capital Markets cut TotalEnergies from a “hold” rating to a “reduce” rating in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of TotalEnergies in a report on Wednesday, January 21st. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday. Finally, Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.54.

About TotalEnergies

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.