TotalEnergies SE Sponsored ADR $TTE Shares Bought by Groupe la Francaise

Groupe la Francaise lifted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 8.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,617,900 shares of the company’s stock after acquiring an additional 624,764 shares during the quarter. TotalEnergies comprises approximately 9.3% of Groupe la Francaise’s holdings, making the stock its largest position. Groupe la Francaise’s holdings in TotalEnergies were worth $683,234,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TTE. AQR Capital Management LLC boosted its position in TotalEnergies by 151.0% during the first quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock worth $4,364,000 after purchasing an additional 40,586 shares during the period. Empowered Funds LLC raised its position in shares of TotalEnergies by 2.1% in the first quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock valued at $2,652,000 after purchasing an additional 835 shares during the period. Sivia Capital Partners LLC raised its position in shares of TotalEnergies by 17.7% in the second quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock valued at $315,000 after purchasing an additional 774 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of TotalEnergies by 14.9% in the second quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock worth $1,490,000 after buying an additional 3,151 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of TotalEnergies by 7.3% in the second quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock worth $12,168,000 after buying an additional 13,536 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Trading Up 0.4%

Shares of TotalEnergies stock opened at $87.09 on Friday. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. The company’s fifty day simple moving average is $83.43 and its 200-day simple moving average is $82.87. The company has a market cap of $208.81 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 3.09 and a beta of 0.14. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38.

TotalEnergies (NYSE:TTE) last released its earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The firm had revenue of $57.10 billion during the quarter. As a group, sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 10.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TTE. Weiss Ratings upgraded shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Piper Sandler restated a “neutral” rating and set a $85.00 price target on shares of TotalEnergies in a report on Thursday, July 23rd. Finally, Wall Street Zen downgraded TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Eleven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus target price of $87.14.

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.