TotalEnergies SE Sponsored ADR $TTE Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. increased its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 31.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,714,005 shares of the company’s stock after purchasing an additional 1,834,640 shares during the quarter. Franklin Resources Inc.’s holdings in TotalEnergies were worth $504,044,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTE. Aberdeen Group plc grew its holdings in shares of TotalEnergies by 14.5% during the fourth 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 in the last quarter. ABN AMRO Bank N.V. purchased a new position in shares of TotalEnergies in the fourth quarter worth about $122,831,000. Assetmark Inc. boosted its position in TotalEnergies by 8.1% during the fourth quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock worth $16,124,000 after acquiring an additional 18,480 shares during the last quarter. Vanguard Group Inc. purchased a new stake in TotalEnergies during the 4th quarter valued at about $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in TotalEnergies in the 4th quarter valued at about $830,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

NYSE:TTE opened at $88.75 on Tuesday. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The stock’s fifty day moving average is $90.44 and its two-hundred day moving average is $78.49. The company has a market capitalization of $212.78 billion, a P/E ratio of 13.15, a P/E/G ratio of 3.01 and a beta of 0.12. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Equities analysts expect that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TTE shares. Citigroup restated a “buy” rating on shares of TotalEnergies in a research report on Thursday, February 12th. Freedom Capital cut TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 13th. Scotiabank raised their target price on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Piper Sandler boosted their price target on shares of TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Finally, Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $84.33.

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.