American Century Companies Inc. Grows Position in TotalEnergies SE Sponsored ADR $TTE

American Century Companies Inc. grew its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 8.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,655,074 shares of the company’s stock after buying an additional 123,790 shares during the period. American Century Companies Inc. owned 0.07% of TotalEnergies worth $101,605,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its position in TotalEnergies by 53.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock worth $209,112,000 after acquiring an additional 1,119,406 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of TotalEnergies by 287.2% in the first quarter. Alyeska Investment Group L.P. now owns 1,247,765 shares of the company’s stock worth $80,718,000 after purchasing an additional 925,541 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of TotalEnergies by 23.1% in the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock worth $229,780,000 after purchasing an additional 665,620 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of TotalEnergies by 295.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,749 shares of the company’s stock worth $33,504,000 after purchasing an additional 407,751 shares during the period. Finally, Natixis Advisors LLC boosted its position in TotalEnergies by 17.3% in the first quarter. Natixis Advisors LLC now owns 2,160,096 shares of the company’s stock valued at $139,737,000 after buying an additional 318,225 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 1.1%

TTE opened at $65.24 on Wednesday. The company has a fifty day moving average of $61.75 and a two-hundred day moving average of $61.37. The stock has a market capitalization of $156.42 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 1.50 and a beta of 0.50. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $65.76. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00.

TotalEnergies (NYSE:TTE) last posted its earnings results on Monday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.04). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%.The firm had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $43.66 billion. On average, research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Loop Capital set a $73.00 price target on shares of TotalEnergies in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of TotalEnergies in a report on Wednesday, October 8th. Dbs Bank downgraded shares of TotalEnergies from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 6th. Berenberg Bank downgraded TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a research report on Thursday, September 25th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.96.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.