Gabelli Funds LLC Trims Stake in TotalEnergies SE Sponsored ADR $TTE

Gabelli Funds LLC cut its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 16.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 276,725 shares of the company’s stock after selling 56,475 shares during the period. Gabelli Funds LLC’s holdings in TotalEnergies were worth $25,176,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new stake in TotalEnergies in the 4th quarter worth about $5,337,330,000. Capital International Investors lifted its stake in TotalEnergies by 1,438.5% in the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after purchasing an additional 49,245,192 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of TotalEnergies by 21,398.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after buying an additional 40,192,677 shares during the period. Caisse Des Depots ET Consignations purchased a new position in shares of TotalEnergies during the fourth quarter valued at approximately $1,982,676,000. Finally, Norges Bank bought a new position in shares of TotalEnergies during the fourth quarter valued at approximately $1,917,626,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Price Performance

Shares of TTE stock opened at $86.93 on Friday. The company has a market capitalization of $208.43 billion, a P/E ratio of 10.88, a P/E/G ratio of 3.10 and a beta of 0.14. The company’s 50-day simple moving average is $84.01 and its two-hundred day simple moving average is $82.14. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. 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 (NYSE:TTE) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The firm had revenue of $57.10 billion during the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 16.01%. As a group, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.57 EPS for the current year.

Key Stories 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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Mizuho started coverage on TotalEnergies in a report on Monday, July 20th. They issued an “outperform” rating and a $103.00 price target on the stock. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. TD Cowen upped their price objective on TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research report on Friday. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Finally, Zacks Research downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Eleven 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 data from MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and an average target price 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.