U S Global Investors Inc. increased its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) by 46.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,000 shares of the company’s stock after acquiring an additional 7,000 shares during the quarter. U S Global Investors Inc.’s holdings in TotalEnergies were worth $2,002,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of TTE. Advisors Management Group Inc. ADV boosted its holdings in TotalEnergies by 0.8% in the 1st quarter. Advisors Management Group Inc. ADV now owns 136,956 shares of the company’s stock valued at $12,460,000 after purchasing an additional 1,081 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of TotalEnergies by 2.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 28,905 shares of the company’s stock worth $2,630,000 after purchasing an additional 768 shares during the period. Independence Bank of Kentucky bought a new position in shares of TotalEnergies during the 1st quarter worth about $93,000. ARGA Investment Management LP raised its position in shares of TotalEnergies by 139.6% during the first quarter. ARGA Investment Management LP now owns 1,187,329 shares of the company’s stock valued at $111,053,000 after buying an additional 691,864 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in shares of TotalEnergies during the first quarter valued at about $10,139,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.
TotalEnergies Price Performance
Shares of NYSE:TTE traded up $0.22 during midday trading on Friday, reaching $78.45. 1,177,162 shares of the company’s stock were exchanged, compared to its average volume of 1,620,015. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The company’s 50 day simple moving average is $85.72 and its two-hundred day simple moving average is $80.96. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The firm has a market capitalization of $188.09 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 2.70 and a beta of 0.14.
Analysts Set New Price Targets
A number of research firms recently weighed in on TTE. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. CICC Research started coverage on TotalEnergies in a report on Tuesday, June 23rd. They issued an “outperform” rating for the company. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Wall Street Zen lowered TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $84.33.
Check Out Our Latest Research Report on TTE
About TotalEnergies
TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.
In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.
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