U S Global Investors Inc. Has $2 Million Position in TotalEnergies SE Sponsored ADR $TTE

U S Global Investors Inc. raised its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 46.7% in the first quarter, Holdings Channel reports. The fund owned 22,000 shares of the company’s stock after acquiring an additional 7,000 shares during the period. U S Global Investors Inc.’s holdings in TotalEnergies were worth $2,002,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Management Group Inc. ADV grew its holdings in shares of TotalEnergies by 0.8% in the 1st quarter. Advisors Management Group Inc. ADV now owns 136,956 shares of the company’s stock worth $12,460,000 after purchasing an additional 1,081 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in TotalEnergies by 2.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 28,905 shares of the company’s stock valued at $2,630,000 after purchasing an additional 768 shares during the last quarter. Independence Bank of Kentucky bought a new position in TotalEnergies during the 1st quarter valued at about $93,000. ARGA Investment Management LP boosted its position in TotalEnergies by 139.6% in the first quarter. ARGA Investment Management LP now owns 1,187,329 shares of the company’s stock valued at $111,053,000 after buying an additional 691,864 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in TotalEnergies in the first quarter valued at about $10,139,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TTE. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. TD Cowen restated a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Scotiabank raised their price target on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, CICC Research initiated coverage on TotalEnergies in a research note on Tuesday, June 23rd. They issued an “outperform” rating on the stock. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Price Performance

Shares of NYSE TTE traded up $0.22 during trading on Friday, reaching $78.45. The company had a trading volume of 1,177,162 shares, compared to its average volume of 1,620,015. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The stock has a market cap of $188.09 billion, a PE ratio of 11.62, a PEG ratio of 2.70 and a beta of 0.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The business’s 50 day moving average price is $85.72 and its 200-day moving average price is $80.96.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The business had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. Analysts expect that TotalEnergies SE Sponsored ADR will post 10.91 earnings per share for the current year.

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.