5 Most Profitable Energy Stocks

4. TotalEnergies SE (NYSE:TTE)

Trailing Twelve Months Net Income: $36.2 billion

Number of Hedge Fund Holders In Q4 2022: 21

TotalEnergies SE (NYSE:TTE) is a French petroleum company. It has operations all over the world, including a production base in Iran, in the South Pars gas field, which is the largest of its kind in the world.

Commenting on the U.S. Inflation Reduction Act (IRA) which seeks to stimulate renewable energy investments, TotalEnergies SE (NYSE:TTE)’s CEO asserted in February 2023 that Europe needs to pass a similar bill. Insider Monkey took a look at 943 hedge fund portfolios for last year’s fourth quarter and found out that 21 had invested in the company.

TotalEnergies SE (NYSE:TTE)’s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management which owns 23 million shares worth $1.4 billion.