First Trust Advisors LP grew its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) by 2.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 900,075 shares of the company’s stock after acquiring an additional 18,615 shares during the period. First Trust Advisors LP’s holdings in TotalEnergies were worth $82,325,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of TTE. YANKCOM Partnership raised its position in shares of TotalEnergies by 146.8% during the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after purchasing an additional 232 shares during the period. MH & Associates Securities Management Corp ADV acquired a new position in shares of TotalEnergies in the 4th quarter valued at $29,000. Lodestone Wealth Management LLC acquired a new position in shares of TotalEnergies in the 4th quarter valued at $32,000. Elyxium Wealth LLC purchased a new position in TotalEnergies in the 4th quarter worth about $33,000. Finally, SHP Wealth Management purchased a new position in TotalEnergies in the 4th quarter worth about $37,000. 16.53% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have commented on TTE shares. Wall Street Zen lowered shares of TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. TD Cowen raised their price objective on shares of TotalEnergies from $102.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Piper Sandler reiterated a “neutral” rating and set a $85.00 price objective on shares of TotalEnergies in a research report on Thursday. Finally, Scotiabank boosted their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.14.
Key Headlines Impacting TotalEnergies
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 Performance
Shares of NYSE TTE opened at $86.93 on Friday. The business’s 50-day moving average price is $84.01 and its two-hundred day moving average price is $82.14. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The company has a market capitalization of $208.43 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 3.08 and a beta of 0.14.
TotalEnergies (NYSE:TTE – Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. TotalEnergies had a return on equity of 16.01% and a net margin of 8.29%.The company had revenue of $57.10 billion for the quarter. Analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.54 earnings per share for the current fiscal 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.
Further Reading
- Five stocks we like better than TotalEnergies
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Want to see what other hedge funds are holding TTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report).
Receive News & Ratings for TotalEnergies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TotalEnergies and related companies with MarketBeat.com's FREE daily email newsletter.
