QRG Capital Management Inc. lifted its position in TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) by 47.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,663 shares of the company’s stock after acquiring an additional 37,112 shares during the period. QRG Capital Management Inc.’s holdings in TotalEnergies were worth $8,916,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Amundi bought a new stake in shares of TotalEnergies during the first quarter valued at approximately $18,868,822,000. Vanguard Group Inc. bought a new position in TotalEnergies in the fourth quarter worth $5,337,330,000. Capital International Investors boosted its holdings in shares of TotalEnergies by 1,438.5% during the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after buying an additional 49,245,192 shares in the last quarter. Caisse Des Depots ET Consignations bought a new stake in shares of TotalEnergies during the 4th quarter valued at $1,982,676,000. Finally, Norges Bank purchased a new stake in shares of TotalEnergies in the 4th quarter worth about $1,917,626,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on TTE. TD Cowen lifted their price target on shares of TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Finally, Mizuho assumed coverage on TotalEnergies in a report on Monday, July 20th. They issued an “outperform” rating and a $103.00 target price on the stock. Eleven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $87.14.
TotalEnergies Stock Performance
Shares of NYSE TTE opened at $87.61 on Thursday. The firm’s 50-day moving average price is $82.98 and its 200-day moving average price is $84.16. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17. The company has a market cap of $210.06 billion, a PE ratio of 10.96, a PEG ratio of 3.10 and a beta of 0.14. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.38.
TotalEnergies (NYSE:TTE – Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The firm had revenue of $57.10 billion during the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. As a group, analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.65 EPS for the current year.
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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