DJE Kapital AG Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

DJE Kapital AG purchased a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, HoldingsChannel reports. The firm purchased 1,597,288 shares of the company’s stock, valued at approximately $105,749,000. TotalEnergies accounts for 2.9% of DJE Kapital AG’s portfolio, making the stock its 14th largest position.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. bought a new position in shares of TotalEnergies in the fourth quarter worth approximately $5,337,330,000. Capital International Investors boosted its position in shares of TotalEnergies by 1,438.5% in the fourth 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 period. Massachusetts Financial Services Co. MA boosted its position in shares of TotalEnergies by 21,398.0% in the fourth 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 period. Caisse Des Depots ET Consignations bought a new position in shares of TotalEnergies in the fourth quarter worth approximately $1,982,676,000. Finally, Norges Bank bought a new position in shares of TotalEnergies in the fourth quarter worth approximately $1,917,626,000. 16.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Freedom Capital downgraded shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 13th. Finally, Scotiabank boosted their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Ten equities research 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Price Performance

TTE stock opened at $87.92 on Friday. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The company’s fifty day moving average price is $90.29 and its 200-day moving average price is $79.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The company has a market capitalization of $210.81 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 3.00 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last released 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 net margin of 7.43% and a return on equity of 14.01%. The firm had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. On average, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

TotalEnergies Company 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.