Pzena Investment Management LLC Buys New Stake in TotalEnergies SE Sponsored ADR $TTE

Pzena Investment Management LLC bought a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,693 shares of the company’s stock, valued at approximately $1,354,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. YANKCOM Partnership lifted its position in TotalEnergies by 146.8% during the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after acquiring an additional 232 shares during the last quarter. MH & Associates Securities Management Corp ADV purchased a new stake in TotalEnergies during the fourth quarter valued at approximately $29,000. Lodestone Wealth Management LLC purchased a new stake in TotalEnergies during the fourth quarter valued at approximately $32,000. Elyxium Wealth LLC purchased a new stake in TotalEnergies during the fourth quarter valued at approximately $33,000. Finally, Colonial Trust Advisors lifted its position in TotalEnergies by 212.6% during the third quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock valued at $37,000 after acquiring an additional 421 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Scotiabank upped their price target 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. Finally, Zacks Research upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Trading Down 0.8%

Shares of TotalEnergies stock opened at $91.59 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. TotalEnergies SE Sponsored ADR has a 12-month low of $57.26 and a 12-month high of $94.17. The firm has a market capitalization of $219.59 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 3.28 and a beta of 0.14. The firm’s 50 day simple moving average is $89.97 and its two-hundred day simple moving average is $76.40.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data 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 firm had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. Analysts predict that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current year.

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.