339,204 TotalEnergies SE Sponsored ADR $TTE Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments increased its TotalEnergies position by 11.2%, buying 339,204 shares in the third quarter to hold about 3.38 million shares, worth roughly $290.5 million.
• TotalEnergies reported quarterly earnings of $4.03 per share, beating the $3.84 consensus estimate, and revenue of $61.86 billion versus analysts’ $55.39 billion forecast.
• Analyst sentiment was moderately positive: MarketBeat reported an average “Moderate Buy” rating and a $96 average price target. Shares opened at $89.50, with a 52-week range of $62.15 to $95.78.

Russell Investments Group Ltd. boosted its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 11.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,375,097 shares of the company's stock after acquiring an additional 339,204 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of TotalEnergies worth $290,482,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TTE. Amundi bought a new position in shares of TotalEnergies in the first quarter worth about $18,868,822,000. DekaBank Deutsche Girozentrale bought a new stake in shares of TotalEnergies during the 1st quarter valued at approximately $1,103,799,000. Bank of New York Mellon Corp increased its position in TotalEnergies by 8.3% during the 1st quarter. Bank of New York Mellon Corp now owns 11,514,654 shares of the company's stock worth $1,047,603,000 after purchasing an additional 881,889 shares in the last quarter. Janus Henderson Group PLC increased its position in TotalEnergies by 25.2% during the 1st quarter. Janus Henderson Group PLC now owns 11,349,122 shares of the company's stock worth $1,055,775,000 after purchasing an additional 2,287,500 shares in the last quarter. Finally, Groupe la Francaise increased its position in TotalEnergies by 8.9% during the 1st quarter. Groupe la Francaise now owns 7,617,900 shares of the company's stock worth $683,234,000 after purchasing an additional 624,764 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Up 1.8%

Shares of NYSE TTE opened at $89.50 on Friday. The company has a 50 day simple moving average of $89.73 and a 200 day simple moving average of $86.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.11 and a quick ratio of 0.89. TotalEnergies SE Sponsored ADR has a 1 year low of $62.15 and a 1 year high of $95.78. The firm has a market cap of $214.59 billion, a PE ratio of 8.94 and a beta of 0.14.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Friday, October 30th. The company reported $4.03 earnings per share for the quarter, topping analysts' consensus estimates of $3.84 by $0.19. TotalEnergies had a net margin of 9.61% and a return on equity of 19.08%. The firm had revenue of $61.86 billion for the quarter, compared to analyst estimates of $55.39 billion. On average, research analysts forecast that TotalEnergies SE Sponsored ADR will post 12.95 EPS for the current year.

Analyst Upgrades and Downgrades

TTE has been the subject of several research reports. Weiss Ratings raised shares of TotalEnergies from a "buy (b)" rating to a "buy (a-)" rating in a research note on Wednesday, November 4th. Zacks Research raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 19th. Piper Sandler upped their price target on shares of TotalEnergies from $84.00 to $93.00 and gave the stock a "neutral" rating in a report on Thursday, September 3rd. HSBC upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a report on Friday, September 25th. Finally, TD Cowen dropped their price target on TotalEnergies from $108.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, October 13th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $96.00.

TotalEnergies Profile

TotalEnergies SE is a France-based integrated energy company with operations spanning the oil and natural gas value chain. Its activities include exploring for and producing hydrocarbons, processing and refining them, and supplying energy products to customers. The company also markets natural gas, including liquefied natural gas, and operates in electricity generation and renewable energy. Its portfolio includes solar and wind power, as well as energy storage and related services. Founded in 1924 as Compagnie française des pétroles, the company has expanded and evolved through acquisitions and business changes.

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