Morningstar Investment Management LLC Trims Holdings in TotalEnergies SE Sponsored ADR $TTE

Morningstar Investment Management LLC lowered its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 31.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 72,155 shares of the company’s stock after selling 32,936 shares during the quarter. Morningstar Investment Management LLC’s holdings in TotalEnergies were worth $6,622,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TTE. Aberdeen Group plc grew its holdings in shares of TotalEnergies by 14.5% during the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock worth $25,124,000 after acquiring an additional 48,640 shares during the period. ABN AMRO Bank N.V. purchased a new stake in TotalEnergies in the fourth quarter worth $122,831,000. Assetmark Inc. grew its stake in TotalEnergies by 8.1% in the fourth quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock worth $16,124,000 after purchasing an additional 18,480 shares during the period. Vanguard Group Inc. bought a new position in TotalEnergies in the fourth quarter worth $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in TotalEnergies in the fourth quarter worth $830,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 0.8%

Shares of NYSE TTE opened at $86.93 on Friday. The firm’s 50 day moving average price is $84.01 and its 200-day moving average price is $82.14. The company has a market cap of $208.43 billion, a PE ratio of 10.88, a P/E/G ratio of 3.08 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-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 posted its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. The firm had revenue of $57.10 billion for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 16.01%. On average, equities research analysts expect that TotalEnergies SE Sponsored ADR will post 10.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on TTE. 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 report on Friday. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Piper Sandler reiterated a “neutral” rating and issued a $85.00 price target on shares of TotalEnergies in a research note on Thursday. Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.14.

TotalEnergies News Roundup

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 Company 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.