Royal London Asset Management Ltd. Acquires Shares of 2,133,432 TotalEnergies SE Sponsored ADR $TTE

Royal London Asset Management Ltd. bought a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,133,432 shares of the company’s stock, valued at approximately $139,569,000. Royal London Asset Management Ltd. owned about 0.09% of TotalEnergies at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. purchased a new position in TotalEnergies during the fourth quarter worth approximately $5,337,330,000. Capital International Investors grew its holdings in TotalEnergies by 1,438.5% in the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after buying an additional 49,245,192 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of TotalEnergies by 21,398.0% during 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 acquiring an additional 40,192,677 shares during the period. Caisse Des Depots ET Consignations acquired a new position in shares of TotalEnergies during the 4th quarter valued at about $1,982,676,000. Finally, Norges Bank purchased a new stake in shares of TotalEnergies in the fourth quarter valued at about $1,917,626,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 0.4%

NYSE TTE opened at $88.08 on Friday. 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 firm has a market cap of $211.19 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 2.97 and a beta of 0.12. The firm has a 50 day simple moving average of $90.26 and a 200-day simple moving average of $79.07. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. The firm 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%. Equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TTE shares. Piper Sandler lifted their target price on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Ten 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 stock. Based on data from MarketBeat.com, the company 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.