Ingalls & Snyder LLC Raises Position in TotalEnergies SE Sponsored ADR $TTE

Ingalls & Snyder LLC raised its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,958 shares of the company’s stock after purchasing an additional 9,534 shares during the period. Ingalls & Snyder LLC’s holdings in TotalEnergies were worth $16,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of TotalEnergies by 4.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company’s stock worth $278,366,000 after buying an additional 169,435 shares during the period. Federated Hermes Inc. raised its holdings in shares of TotalEnergies by 23.1% in the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock worth $229,780,000 after buying an additional 665,620 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of TotalEnergies by 53.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock worth $209,112,000 after buying an additional 1,119,406 shares during the period. Raymond James Financial Inc. raised its holdings in shares of TotalEnergies by 9.9% in the first quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company’s stock worth $203,566,000 after buying an additional 283,595 shares during the period. Finally, Royal Bank of Canada grew its stake in TotalEnergies by 6.4% in the first quarter. Royal Bank of Canada now owns 3,104,000 shares of the company’s stock worth $200,797,000 after purchasing an additional 186,562 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on TTE. BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Weiss Ratings restated a “hold (c)” rating on shares of TotalEnergies in a research note on Friday. Royal Bank Of Canada restated an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, Berenberg Bank lowered TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $65.20.

TotalEnergies Stock Performance

NYSE TTE opened at $62.17 on Friday. The stock has a 50-day simple moving average of $61.28 and a two-hundred day simple moving average of $60.49. The firm has a market capitalization of $149.05 billion, a P/E ratio of 11.28, a PEG ratio of 1.50 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $65.76. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The company had revenue of $44.68 billion for the quarter, compared to analysts’ expectations of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. On average, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.