5 Undervalued Stocks in Ken Fisher’s 2022 Portfolio

2. TotalEnergies SE (NYSE:TTE)

Fisher Asset Management’s Stake Value: $1,316,605,000

Percentage of Fisher Asset Management’s 13F Portfolio: 0.77%

PE Ratio as of June 14: 4.54

Number of Hedge Fund Holders: 20

TotalEnergies SE (NYSE:TTE) operates as an oil and gas company worldwide. The company’s primary business segments are Integrated Gas, Renewables & Power, Exploration & Production, Refining & Chemicals, and Marketing & Services. On April 28, TotalEnergies SE (NYSE:TTE) posted earnings for the first quarter of fiscal year 2022. The company reported earnings per share of $3.40, beating expectations by $0.61. The company’s revenue for the quarter came in at $63.95 billion, up 65.53% year over year, and beat Wall Street consensus by $6.17 billion.

As of June 14, TotalEnergies SE (NYSE:TTE) has gained 11.63% over the past twelve months, has a forward PE ratio of 4.54, and a trailing-twelve-month dividend yield of 5.43%.

This June, Credit Suisse analyst Amy Wong initiated coverage of TotalEnergies SE (NYSE:TTE) with an Outperform rating and a EUR 60 price target. The analyst noted that the market appears to be overlooking the company and that its growth story merits more appreciation, at current share levels. Wong further noted that TotalEnergies SE (NYSE:TTE) offers a solid growth profile among oil and gas giants, which is supported by its hefty upstream investment in the 2010s.

Hedge funds are raising their stakes in TotalEnergies SE (NYSE:TTE). At the end of Q1 2022, 20 hedge funds held stakes in TotalEnergies SE (NYSE:TTE) worth $1.77 billion. This is compared to 17 hedge funds in Q4 2021 with stakes worth $1.58 billion. The hedge fund sentiment for the stock is positive.

In the first quarter of 2022, Fisher Asset Management raised its stakes by 5% in TotalEnergies SE (NYSE:TTE), bringing them to $1.31 billion. Fisher Asset Management is also the top shareholder in the company and the investment covers 0.77% of its 13F portfolio.