Vanguard Group Inc. acquired a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 81,863,403 shares of the company's stock, valued at approximately $5,337,330,000. Vanguard Group Inc. owned approximately 3.41% of TotalEnergies as of its most recent SEC filing.
Several other large investors have also bought and sold shares of TTE. Massachusetts Financial Services Co. MA boosted its stake in TotalEnergies by 21,398.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company's stock valued at $2,641,693,000 after buying an additional 40,192,677 shares in the last quarter. Bank of Italy acquired a new stake in TotalEnergies in the fourth quarter valued at about $422,957,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of TotalEnergies by 160,812,400.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,608,125 shares of the company's stock valued at $104,991,000 after purchasing an additional 1,608,124 shares in the last quarter. Ninety One UK Ltd acquired a new stake in shares of TotalEnergies during the fourth quarter valued at about $59,750,000. Finally, Bank of America Corp DE boosted its stake in shares of TotalEnergies by 10.0% during the second quarter. Bank of America Corp DE now owns 9,802,968 shares of the company's stock valued at $601,804,000 after purchasing an additional 888,574 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
TTE has been the topic of a number of recent research reports. TD Cowen reissued a "buy" rating on shares of TotalEnergies in a research note on Monday, April 20th. BNP Paribas Exane raised TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Friday, April 17th. Morgan Stanley reissued an "overweight" rating on shares of TotalEnergies in a research note on Tuesday, January 6th. Piper Sandler raised their price objective on TotalEnergies from $74.00 to $92.00 and gave the stock a "neutral" rating in a research report on Thursday, March 12th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of TotalEnergies in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $80.97.
Check Out Our Latest Stock Analysis on TTE
TotalEnergies Price Performance
Shares of TTE opened at $88.86 on Tuesday. TotalEnergies SE Sponsored ADR has a 1 year low of $56.31 and a 1 year high of $93.49. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.97 and a quick ratio of 0.79. The company has a market capitalization of $213.05 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 3.90 and a beta of 0.13. The business has a 50-day moving average of $85.62 and a 200-day moving average of $72.85.
TotalEnergies (NYSE:TTE - Get Free Report) last issued its earnings results on Wednesday, February 11th. The company reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.01. The business had revenue of $45.93 billion during the quarter, compared to the consensus estimate of $36.69 billion. TotalEnergies had a return on equity of 13.14% and a net margin of 6.52%. As a group, equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.65 earnings per share for the current year.
TotalEnergies Company Profile
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Free Report)
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.
See Also
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