Lesa Sroufe & Co Makes New $4.20 Million Investment in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Lesa Sroufe & Co invested approximately $4.2 million in TotalEnergies during the third quarter, purchasing 49,131 shares and making TTE its 12th-largest holding. Institutional investors collectively own 16.53% of the company.
• Analysts hold a “Moderate Buy” consensus rating with an average price target of $96. TotalEnergies also exceeded quarterly expectations, reporting $4.03 in earnings per share versus the $3.84 consensus and revenue of $61.86 billion.
• TotalEnergies is expanding its long-term energy portfolio through a Malaysian offshore gas acquisition and increased U.S. renewable-energy spending, while facing potential volatility from European gas costs and broader geopolitical risks.

Lesa Sroufe & Co purchased a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 49,131 shares of the company's stock, valued at approximately $4,201,000. TotalEnergies accounts for about 2.8% of Lesa Sroufe & Co's holdings, making the stock its 12th biggest position.

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TTE shares. Mizuho set a $108.00 price target on shares of TotalEnergies in a research report on Friday, October 16th. Piper Sandler lifted their price objective on TotalEnergies from $84.00 to $93.00 and gave the company a "neutral" rating in a report on Thursday, September 3rd. TD Cowen lowered their price objective on TotalEnergies from $108.00 to $105.00 and set a "buy" rating on the stock in a research note on Tuesday, October 13th. Weiss Ratings reiterated a "buy (b)" rating on shares of TotalEnergies in a research note on Thursday, October 22nd. Finally, HSBC raised TotalEnergies from a "hold" rating to a "buy" rating in a report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, TotalEnergies has a consensus rating of "Moderate Buy" and an average price target of $96.00.

Key Stories Impacting TotalEnergies

Here are the key news stories impacting TotalEnergies this week:

• Positive Sentiment: Malaysia gas expansion: TotalEnergies agreed to acquire a 30% operated interest in Malaysia’s Lang Lebah and B14 offshore gas fields from PETRONAS, PTTEP and KUFPEC. The integrated development is expected to unlock more than 6.5 trillion cubic feet of gas resources, strengthening the company’s long-term upstream portfolio and exposure to Asian energy demand. Malaysia: TotalEnergies Signs Agreements to Acquire Operated Interest in Two Major Offshore Gas Fields
• Positive Sentiment: U.S. renewables opportunity: CEO Patrick Pouyanne said TotalEnergies is increasing renewable-energy spending in the United States while some competitors exit. This could allow the company to acquire projects or market share at more attractive valuations, although returns will depend on execution and power-market conditions. TotalEnergies spending more on US renewables as others exit, says CEO
• Neutral Sentiment: Energy outlook and transition: TotalEnergies published its annual Energy Outlook through 2060, highlighting both continued energy demand and the need for decarbonization. Management also said the Iran conflict could accelerate the energy transition, potentially benefiting renewables over time but increasing geopolitical and commodity-market uncertainty in the near term. TotalEnergies Publishes its Annual Report on Scenarios for the Evolution of the Global Energy System
• Negative Sentiment: European gas pricing risk: The CEO expects Europe to avoid a physical gas shortage this winter, but said the region may have to pay more to secure adequate supplies. Higher procurement costs could pressure consumers and create volatility in gas markets, while the absence of a shortage may limit extreme price upside for gas producers. TotalEnergies chief sees no gas shortage Europe this winter

TotalEnergies Stock Down 2.8%

Shares of NYSE TTE opened at $92.70 on Tuesday. TotalEnergies SE Sponsored ADR has a 52-week low of $60.85 and a 52-week high of $95.78. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. The business has a fifty day moving average of $89.62 and a two-hundred day moving average of $85.19. The stock has a market cap of $222.26 billion, a PE ratio of 9.26 and a beta of 0.17.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.84 by $0.19. The business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $55.39 billion. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. As a group, equities research analysts expect that TotalEnergies SE Sponsored ADR will post 12.70 earnings per share for the current fiscal year.

About TotalEnergies

TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company's activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.

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