Prudential PLC Takes $33.59 Million Position in TotalEnergies SE Sponsored ADR $TTE

Prudential PLC purchased a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 514,974 shares of the company’s stock, valued at approximately $33,587,000.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. bought a new stake in shares of TotalEnergies in the 4th quarter valued at about $5,337,330,000. Massachusetts Financial Services Co. MA boosted its stake in TotalEnergies by 21,398.0% in 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 purchasing an additional 40,192,677 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new stake in TotalEnergies in the 4th quarter worth approximately $1,982,676,000. Norges Bank acquired a new stake in TotalEnergies in the 4th quarter worth approximately $1,917,626,000. Finally, Legal & General Group Plc acquired a new stake in TotalEnergies in the 4th quarter worth approximately $967,692,000. 16.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on TTE. Zacks Research cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Freedom Capital cut shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 13th. Citigroup restated a “buy” rating on shares of TotalEnergies in a research note on Thursday, February 12th. Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Piper Sandler lifted their target price on shares of TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. 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 company’s stock. According to data from MarketBeat.com, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $90.05 on Friday. The firm has a market cap of $215.91 billion, a PE ratio of 13.34, a PEG ratio of 3.18 and a beta of 0.12. The firm has a fifty day moving average of $90.48 and a 200 day moving average of $78.16. 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 SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17.

TotalEnergies (NYSE:TTE) last issued its quarterly 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. The company had revenue of $49.52 billion during 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%. As a group, research analysts predict that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current fiscal 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.