First Trust Advisors LP raised its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 900,075 shares of the company’s stock after purchasing an additional 18,615 shares during the period. First Trust Advisors LP’s holdings in TotalEnergies were worth $82,325,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of TTE. YANKCOM Partnership raised its stake in TotalEnergies by 146.8% during the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after acquiring an additional 232 shares during the period. Maseco LLP boosted its position in TotalEnergies by 119.9% during the 1st quarter. Maseco LLP now owns 420 shares of the company’s stock valued at $38,000 after purchasing an additional 229 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in TotalEnergies during the 1st quarter worth $39,000. MH & Associates Securities Management Corp ADV acquired a new stake in TotalEnergies in the fourth quarter worth $29,000. Finally, Lodestone Wealth Management LLC bought a new stake in TotalEnergies in the fourth quarter valued at $32,000. 16.53% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. TD Cowen boosted their target price on shares of TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Piper Sandler reaffirmed a “neutral” rating and set a $85.00 price target on shares of TotalEnergies in a report on Thursday. Finally, Wall Street Zen lowered TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Eleven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.14.
Key TotalEnergies News
Here are the key news stories impacting TotalEnergies this week:
- Positive Sentiment: TotalEnergies reported second-quarter results that highlighted a 67%-68% jump in profit, driven by higher oil prices and strong refining/trading margins. The company also posted solid cash flow and reduced net debt, reinforcing balance-sheet strength. Reuters: TotalEnergies Q2 profit up 67% on higher oil price, strong refining margins
- Positive Sentiment: The board approved a second interim dividend of €0.90 per share, a 5.9% increase from last year, which should appeal to income-focused investors. Business Wire: Second interim dividend
- Positive Sentiment: Management said the company earned about $400 million annually from Russian LNG cargo sales, adding to near-term cash generation. Reuters: Russian LNG sales
- Positive Sentiment: TD Cowen raised its price target to $105 and kept a Buy rating, signaling further upside potential after the results. The Fly: TD Cowen price target increase
- Neutral Sentiment: One post-earnings note said Q2 earnings and sales missed estimates because lower production offset stronger cash flow and refining gains, so the market is balancing a mixed headline against better underlying profitability. Zacks: Q2 earnings and sales miss estimates
- Neutral Sentiment: Management also said it will exit its stake in the Arctic LNG 2 project in Russia, a strategic move that reduces exposure but may limit some future upside from that asset. Reuters: Exit Arctic LNG 2
- Negative Sentiment: Piper Sandler reiterated a Neutral rating with an $85 target, suggesting limited upside from current levels compared with more bullish analyst views. Benzinga: Piper Sandler rating
TotalEnergies Stock Up 0.8%
TTE opened at $86.93 on Friday. 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 has a market capitalization of $208.43 billion, a PE ratio of 10.88, a P/E/G ratio of 3.08 and a beta of 0.14. The stock’s fifty day moving average is $84.01 and its 200-day moving average is $82.14. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17.
TotalEnergies (NYSE:TTE – Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. TotalEnergies had a return on equity of 16.01% and a net margin of 8.29%.The firm had revenue of $57.10 billion for the quarter. On average, equities analysts predict that TotalEnergies SE Sponsored ADR will post 10.54 EPS for the current fiscal year.
TotalEnergies Profile
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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