OMERS ADMINISTRATION Corp lifted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) by 24.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 202,319 shares of the company’s stock after acquiring an additional 39,333 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in TotalEnergies were worth $18,861,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. YANKCOM Partnership grew its stake in TotalEnergies by 146.8% in the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after purchasing an additional 232 shares in the last quarter. Maseco LLP increased its holdings in TotalEnergies by 119.9% during the 1st quarter. Maseco LLP now owns 420 shares of the company’s stock worth $38,000 after purchasing an additional 229 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in TotalEnergies during the 1st quarter valued at $39,000. MH & Associates Securities Management Corp ADV bought a new stake in TotalEnergies during the 4th quarter valued at $29,000. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of TotalEnergies in the 4th quarter worth $32,000. Institutional investors own 16.53% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on TTE shares. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. CICC Research started coverage on TotalEnergies in a report on Tuesday, June 23rd. They issued an “outperform” rating for the company. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, TD Cowen raised their target price on shares of TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research report on Friday. Eleven equities 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $87.14.
TotalEnergies Trading Up 0.8%
Shares of NYSE:TTE opened at $86.93 on Friday. The company has a market capitalization of $208.43 billion, a PE ratio of 10.88, a P/E/G ratio of 3.10 and a beta of 0.14. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17. The business’s fifty day simple moving average is $84.01 and its 200-day simple moving average is $82.14.
TotalEnergies (NYSE:TTE – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $57.10 billion during the quarter. As a group, equities research analysts predict that TotalEnergies SE Sponsored ADR will post 10.57 earnings per share for the current fiscal year.
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 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.
Featured Articles
- Five stocks we like better than TotalEnergies
- Telecom Earnings Reveal a Sector That Finally Looks Healthier
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
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.
