Ingalls & Snyder LLC Boosts Stake in TotalEnergies SE Sponsored ADR $TTE

Ingalls & Snyder LLC lifted its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 261,958 shares of the company’s stock after purchasing an additional 9,534 shares during the quarter. Ingalls & Snyder LLC’s holdings in TotalEnergies were worth $16,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its stake in shares of TotalEnergies by 4.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company’s stock worth $278,366,000 after purchasing an additional 169,435 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. Goldman Sachs Group Inc. increased its position in TotalEnergies by 53.0% during the first quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock valued at $209,112,000 after acquiring an additional 1,119,406 shares during the last quarter. Raymond James Financial Inc. increased its position in TotalEnergies by 9.9% during the first quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company’s stock valued at $203,566,000 after acquiring an additional 283,595 shares during the last quarter. Finally, Royal Bank of Canada increased its position in TotalEnergies by 6.4% during the first quarter. Royal Bank of Canada now owns 3,104,000 shares of the company’s stock valued at $200,797,000 after acquiring an additional 186,562 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

NYSE TTE opened at $62.17 on Friday. The firm has a market cap of $149.05 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 1.50 and a beta of 0.53. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $61.28 and a 200-day moving average price of $60.49. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $65.76.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The firm had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. As a group, equities research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on TTE shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a research report on Tuesday, September 30th. Scotiabank upped their price objective on TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Berenberg Bank cut TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a research report on Thursday, September 25th. BNP Paribas Exane reiterated a “neutral” rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Finally, Piper Sandler reiterated a “neutral” rating and set a $69.00 price objective on shares of TotalEnergies in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.20.

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.