5 Value Stocks to Buy in 2022 According to Ken Fisher

1. TotalEnergies SE (NYSE:TTE)

Fisher Asset Management’s Stake Value: $1.31 billion

Number of Hedge Fund Holders: 17

P/E Ratio: 7.9

TotalEnergies SE (NYSE:TTE), or simply Total, is a French multinational energy company headquartered in Courbevoie, France. It is one of the seven major energy companies in the world with global presence. Fisher Asset Management’s stake in the company exceeds a billion USD at $1.3 billion that is 0.77% of the fund’s portfolio. The mammoth investment made Fisher Asset Management the leading holder in the company. 

TotalEnergies SE (NYSE:TTE) had a Price to Sales ratio of 0.69 in the first quarter of 2022, suggesting that the market cap is 69% relative to its revenue generating capacity, underlying TTE as a value stock. Its P/E ratio is also less than the average for the industry, a lower than average P/E within the sector is one of the surest signs of a value stock. 

On May 13, Berenberg analyst Henry Tarr raised TotalEnergies SE (NYSE:TTE) to ‘Buy’ from ‘Hold’ rating and put a price target of $61 per share, up from $60. The analyst noted that the company’s increase in share buybacks for the first part of 2022 appears sustainable. Tarr expects TotalEnergies SE (NYSE:TTE) to deliver an “attractive” free-cash-flow yield of 17%, turning it into one of the highest dividend yields in the energy sector.

You can also take a peek at 5 Best Buy-the-Dip Tech Stocks According to Billionaire Ken Fisher and 5 Biotech Stocks to Buy Today According to Ken Fisher

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