TotalEnergies SE Sponsored ADR $TTE Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC lifted its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 30.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,659,978 shares of the company’s stock after purchasing an additional 616,387 shares during the period. Lazard Asset Management LLC’s holdings in TotalEnergies were worth $248,722,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Family Manage LLC increased its position in TotalEnergies by 16.6% during the first quarter. Family Manage LLC now owns 4,019 shares of the company’s stock worth $375,000 after buying an additional 573 shares during the period. Gateway Wealth Partners LLC purchased a new position in shares of TotalEnergies during the first quarter worth approximately $296,000. OMERS ADMINISTRATION Corp increased its holdings in shares of TotalEnergies by 24.1% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 202,319 shares of the company’s stock valued at $18,861,000 after acquiring an additional 39,333 shares during the period. Wealth Alliance LLC increased its holdings in shares of TotalEnergies by 2.3% in the 1st quarter. Wealth Alliance LLC now owns 31,319 shares of the company’s stock valued at $2,849,000 after acquiring an additional 702 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in TotalEnergies in the 1st quarter valued at $50,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 0.1%

Shares of TotalEnergies stock opened at $86.93 on Monday. The company has a market cap of $208.43 billion, a P/E ratio of 10.88, a PEG ratio of 3.09 and a beta of 0.14. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The firm has a fifty day moving average of $84.01 and a two-hundred day moving average of $82.25.

TotalEnergies (NYSE:TTE) last released its earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The company had revenue of $57.10 billion during the quarter. On average, analysts forecast that TotalEnergies SE Sponsored ADR will post 10.57 earnings per share for the current year.

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

Analysts Set New Price Targets

Several research analysts have issued reports on TTE shares. Piper Sandler reissued a “neutral” rating and set a $85.00 price objective on shares of TotalEnergies in a research report on Thursday. Weiss Ratings upgraded shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Mizuho initiated coverage on TotalEnergies in a report on Monday, July 20th. They set an “outperform” rating and a $103.00 price target on the stock. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Finally, CICC Research assumed coverage on TotalEnergies in a research note on Tuesday, June 23rd. They set an “outperform” rating for the company. Eleven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.14.

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.