William Blair Investment Management LLC Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

William Blair Investment Management LLC purchased a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, Holdings Channel.com reports. The firm purchased 164,875 shares of the company’s stock, valued at approximately $10,753,000.

A number of other large investors have also recently added to or reduced their stakes in TTE. Aberdeen Group plc lifted its holdings in TotalEnergies by 14.5% during the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock worth $25,124,000 after buying an additional 48,640 shares during the last quarter. Assetmark Inc. raised its position in shares of TotalEnergies by 8.1% during the 4th quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock valued at $16,124,000 after acquiring an additional 18,480 shares in the last quarter. ABN AMRO Bank N.V. bought a new position in TotalEnergies during the fourth quarter worth $122,831,000. Vanguard Group Inc. bought a new position in TotalEnergies during the fourth quarter worth $5,337,330,000. Finally, Bank of Italy acquired a new position in TotalEnergies in the fourth quarter worth $422,957,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Performance

TTE opened at $90.25 on Wednesday. TotalEnergies SE Sponsored ADR has a twelve month low of $57.39 and a twelve month high of $94.17. The stock has a market cap of $216.39 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 3.25 and a beta of 0.14. The business’s 50 day moving average is $90.33 and its 200-day moving average is $76.93. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTE) last posted its 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. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The firm had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. On average, analysts predict that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on TTE shares. Citigroup reiterated a “buy” rating on shares of TotalEnergies in a research note on Thursday, February 12th. Scotiabank increased their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Freedom Capital cut shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 13th. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Finally, Zacks Research lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.