ABN AMRO Bank N.V. Buys Shares of 1,883,882 TotalEnergies SE Sponsored ADR $TTE

Key Points

• ABN AMRO Bank N.V. disclosed a new fourth-quarter position in TotalEnergies, buying 1,883,882 shares valued at about $122.8 million. The stake represents roughly 1.2% of ABN AMRO’s portfolio.
• Institutional interest in TotalEnergies remains strong, with major investors like Vanguard, Massachusetts Financial Services, and Caisse Des Depots also making large moves. Overall, about 16.53% of the stock is held by institutions and hedge funds.
• Analysts are generally constructive on the stock: several firms recently raised price targets or upgraded ratings, and TotalEnergies now carries an average "Moderate Buy" rating with a target price of $80.97. The company also beat quarterly expectations, reporting $2.45 EPS versus $2.22 expected.

ABN AMRO Bank N.V. bought a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,883,882 shares of the company's stock, valued at approximately $122,831,000. TotalEnergies accounts for about 1.2% of ABN AMRO Bank N.V.'s portfolio, making the stock its 28th largest holding. ABN AMRO Bank N.V. owned 0.08% of TotalEnergies as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. bought a new position in TotalEnergies during the 4th quarter worth $5,337,330,000. Massachusetts Financial Services Co. MA grew its stake in TotalEnergies by 21,398.0% during 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 buying an additional 40,192,677 shares during the last quarter. Caisse Des Depots ET Consignations bought a new position in TotalEnergies during the 4th quarter worth $1,982,676,000. Bank of America Corp DE grew its stake in TotalEnergies by 10.0% during the 2nd quarter. Bank of America Corp DE now owns 9,802,968 shares of the company's stock worth $601,804,000 after buying an additional 888,574 shares during the last quarter. Finally, Bank of Italy bought a new position in TotalEnergies during the 4th quarter worth $422,957,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTE has been the subject of a number of recent research reports. Piper Sandler upped their price objective on TotalEnergies from $74.00 to $92.00 and gave the stock a "neutral" rating in a research note on Thursday, March 12th. Wall Street Zen upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Zacks Research raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 30th. Weiss Ratings raised TotalEnergies from a "hold (c)" rating to a "buy (b-)" rating in a research note on Friday, May 1st. Finally, Scotiabank increased their price target on TotalEnergies from $73.00 to $97.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, TotalEnergies currently has an average rating of "Moderate Buy" and an average price target of $80.97.

TotalEnergies Trading Up 0.1%

NYSE:TTE opened at $88.55 on Monday. The business has a fifty day moving average of $87.25 and a 200-day moving average of $74.20. TotalEnergies SE Sponsored ADR has a 1 year low of $57.26 and a 1 year high of $93.67. The stock has a market cap of $212.31 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 3.05 and a beta of 0.14. 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 - Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The business had revenue of $49.52 billion during the quarter, compared to analysts' expectations of $44.58 billion. Equities analysts predict that TotalEnergies SE Sponsored ADR will post 10.92 earnings per share 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.

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