Natixis Advisors LLC Boosts Stake in TotalEnergies SE Sponsored ADR $TTE

Natixis Advisors LLC lifted its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,374,307 shares of the company’s stock after buying an additional 103,048 shares during the period. Natixis Advisors LLC’s holdings in TotalEnergies were worth $155,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. purchased a new position in shares of TotalEnergies in the fourth quarter worth about $5,337,330,000. Massachusetts Financial Services Co. MA lifted its stake 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 buying an additional 40,192,677 shares in the last quarter. Caisse Des Depots ET Consignations purchased a new position in shares of TotalEnergies in the fourth quarter worth about $1,982,676,000. Norges Bank purchased a new position in shares of TotalEnergies in the fourth quarter worth about $1,917,626,000. Finally, Legal & General Group Plc purchased a new position in shares of TotalEnergies in the fourth quarter worth about $967,692,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

TotalEnergies stock opened at $88.63 on Tuesday. The company’s 50 day simple moving average is $90.42 and its 200-day simple moving average is $77.63. The company has a market capitalization of $212.50 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 3.10 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The business had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. As a group, equities research analysts expect that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TTE. Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Freedom Capital downgraded shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 13th. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Finally, Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.