ARGA Investment Management LP Invests $32.37 Million in TotalEnergies SE Sponsored ADR $TTE

Key Points

• ARGA Investment Management bought a new position of 495,465 shares in TotalEnergies ADR in Q4, valued at about $32.37 million, representing roughly 0.9% of ARGA’s portfolio and its 24th largest holding.
• Other institutional activity was heavy — several firms increased stakes and notably the Bank of Italy opened a new position worth about $422.96 million — with hedge funds and other institutional investors owning roughly 16.53% of the company.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average target price of about $80.97, alongside recent upgrades and price-target increases (e.g., Piper Sandler to $92, Jefferies to Buy, Zacks to Strong-Buy).

ARGA Investment Management LP bought a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 495,465 shares of the company's stock, valued at approximately $32,368,000. TotalEnergies makes up approximately 0.9% of ARGA Investment Management LP's investment portfolio, making the stock its 24th largest position.

Other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in shares of TotalEnergies by 42.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 476,369 shares of the company's stock worth $28,801,000 after purchasing an additional 142,829 shares in the last quarter. Aberdeen Group plc grew its position in shares of TotalEnergies by 14.5% in the fourth quarter. Aberdeen Group plc now owns 384,040 shares of the company's stock valued at $25,124,000 after purchasing an additional 48,640 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its position in shares of TotalEnergies by 334.6% in the third quarter. Campbell & CO Investment Adviser LLC now owns 35,005 shares of the company's stock valued at $2,089,000 after purchasing an additional 26,951 shares in the last quarter. Assetmark Inc. grew its position in shares of TotalEnergies by 8.1% in the fourth quarter. Assetmark Inc. now owns 246,475 shares of the company's stock valued at $16,124,000 after purchasing an additional 18,480 shares in the last quarter. Finally, Bank of Italy purchased a new position in shares of TotalEnergies in the fourth quarter valued at $422,957,000. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Price Performance

TotalEnergies stock opened at $88.86 on Tuesday. TotalEnergies SE Sponsored ADR has a 52 week low of $56.31 and a 52 week high of $93.49. The business has a 50-day simple moving average of $85.62 and a 200 day simple moving average of $72.85. The company has a quick ratio of 0.79, a current ratio of 0.97 and a debt-to-equity ratio of 0.42. The stock has a market cap of $213.05 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 3.90 and a beta of 0.13.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, February 11th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.72 by $0.01. TotalEnergies had a return on equity of 13.14% and a net margin of 6.52%.The business had revenue of $45.93 billion during the quarter, compared to analysts' expectations of $36.69 billion. On average, research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Piper Sandler lifted their price target on TotalEnergies from $74.00 to $92.00 and gave the company a "neutral" rating in a research report on Thursday, March 12th. Kepler Capital Markets upgraded TotalEnergies from a "reduce" rating to a "hold" rating in a research report on Thursday, April 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of TotalEnergies in a research report on Wednesday, January 21st. Jefferies Financial Group raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Thursday, January 8th. Finally, Zacks Research raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $80.97.

TotalEnergies Company 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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