Capital International Inc. CA Takes $171.92 Million Position in TotalEnergies SE Sponsored ADR $TTE

Capital International Inc. CA bought a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 4th quarter, HoldingsChannel.com reports. The firm bought 2,632,676 shares of the company’s stock, valued at approximately $171,919,000. TotalEnergies accounts for about 1.4% of Capital International Inc. CA’s portfolio, making the stock its 15th biggest holding.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. acquired a new position in TotalEnergies in the 4th quarter worth about $5,337,330,000. Capital International Investors increased its position in TotalEnergies by 1,438.5% in the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after purchasing an additional 49,245,192 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in TotalEnergies by 21,398.0% in 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 last quarter. Caisse Des Depots ET Consignations acquired a new position in TotalEnergies in the 4th quarter worth about $1,982,676,000. Finally, Norges Bank acquired a new position in TotalEnergies in the 4th quarter worth about $1,917,626,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Piper Sandler upped their target price on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Freedom Capital lowered TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, February 13th. Scotiabank upped their price target on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Wall Street Zen downgraded TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Price Performance

TotalEnergies stock opened at $88.53 on Friday. 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 company has a market capitalization of $212.27 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 3.15 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The business has a 50 day simple moving average of $90.47 and a 200 day simple moving average of $78.23.

TotalEnergies (NYSE:TTE) last posted its 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. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The business had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. On average, sell-side analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal 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.