Brandes Investment Partners LP Raises Holdings in TotalEnergies SE Sponsored ADR $TTE

Brandes Investment Partners LP grew its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 8.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 828,232 shares of the company’s stock after purchasing an additional 61,892 shares during the quarter. Brandes Investment Partners LP’s holdings in TotalEnergies were worth $54,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. YANKCOM Partnership lifted its position in shares of TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after buying an additional 232 shares during the last quarter. MH & Associates Securities Management Corp ADV purchased a new position in shares of TotalEnergies during the 4th quarter valued at $29,000. Lodestone Wealth Management LLC purchased a new position in shares of TotalEnergies during the 4th quarter valued at $32,000. Elyxium Wealth LLC purchased a new position in shares of TotalEnergies during the 4th quarter valued at $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of TotalEnergies during the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of recent research reports. Scotiabank upped their price target on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Finally, Freedom Capital lowered TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 13th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.33.

TotalEnergies Stock Performance

NYSE:TTE opened at $88.42 on Wednesday. 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 52-week low of $57.39 and a 52-week high of $94.17. The firm has a market cap of $212.00 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 3.00 and a beta of 0.12. The business’s fifty day moving average is $90.41 and its 200 day moving average is $78.67.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data 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 return on equity of 14.01% and a net margin of 7.43%.The company had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. Research analysts predict 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.