Hsbc Holdings PLC Grows Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Hsbc Holdings PLC grew its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 626.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 43,861 shares of the company’s stock after acquiring an additional 37,820 shares during the quarter. Hsbc Holdings PLC’s holdings in TotalEnergies were worth $2,856,000 as of its most recent SEC filing.

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

TotalEnergies Price Performance

Shares of TTE opened at $76.76 on Monday. The business’s 50-day moving average is $88.15 and its two-hundred day moving average is $80.22. The company has a market capitalization of $184.05 billion, a P/E ratio of 11.37, a P/E/G ratio of 2.60 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The business had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. Research analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

Analysts Set New Price Targets

TTE has been the topic of several research analyst reports. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. CICC Research initiated coverage on TotalEnergies in a report on Tuesday, June 23rd. They issued an “outperform” rating for the company. TD Cowen restated a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Finally, Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Ten 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. Based on data from MarketBeat, TotalEnergies has an average rating of “Moderate Buy” and a consensus price target of $84.33.

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.