TotalEnergies SE Sponsored ADR $TTE Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,014 shares of the company’s stock after purchasing an additional 12,877 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in TotalEnergies were worth $12,752,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TTE. AQR Capital Management LLC grew its position in shares of TotalEnergies by 151.0% in the first quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock valued at $4,364,000 after purchasing an additional 40,586 shares during the last quarter. Empowered Funds LLC grew its position in shares of TotalEnergies by 2.1% in the first quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock valued at $2,652,000 after purchasing an additional 835 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of TotalEnergies by 17.7% in the second quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock valued at $315,000 after purchasing an additional 774 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of TotalEnergies by 14.9% in the second quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock valued at $1,490,000 after purchasing an additional 3,151 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of TotalEnergies by 7.3% in the second quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock valued at $12,168,000 after purchasing an additional 13,536 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Citigroup reiterated a “buy” rating on shares of TotalEnergies in a research report on Thursday, February 12th. Scotiabank upped their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Piper Sandler upped their price objective on shares of TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Finally, Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Stock Performance

NYSE:TTE opened at $88.42 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The company has a market cap of $212.00 billion, a P/E ratio of 13.10, a P/E/G ratio of 3.00 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The firm’s 50 day moving average is $90.41 and its two-hundred day moving average is $78.67.

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