Stolper Co Has $2.43 Million Stock Position in TotalEnergies SE Sponsored ADR $TTE

Stolper Co lowered its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 61.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,294 shares of the company’s stock after selling 49,540 shares during the quarter. Stolper Co’s holdings in TotalEnergies were worth $2,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of TTE. Amundi bought a new stake in TotalEnergies in the first quarter worth $18,868,822,000. Vanguard Group Inc. acquired a new position in TotalEnergies during the fourth quarter worth $5,337,330,000. Capital International Investors raised its holdings in TotalEnergies by 1,438.5% during the fourth 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 position in TotalEnergies during the fourth quarter valued at about $1,982,676,000. Finally, Norges Bank acquired a new stake in shares of TotalEnergies in the fourth quarter worth about $1,917,626,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on TTE shares. Wall Street Zen downgraded TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. TD Cowen raised their price objective on TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Scotiabank boosted their target price on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Piper Sandler reaffirmed a “neutral” rating and set a $85.00 target price on shares of TotalEnergies in a research report on Thursday, July 23rd. Finally, BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Eleven 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.14.

TotalEnergies Stock Down 0.4%

TotalEnergies stock opened at $87.61 on Thursday. The firm has a market cap of $210.06 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 3.10 and a beta of 0.14. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The firm has a fifty day moving average price of $82.98 and a two-hundred day moving average price of $84.16.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. The company had revenue of $57.10 billion for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. As a group, analysts forecast that TotalEnergies SE Sponsored ADR will post 10.65 earnings per share 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.