BayBridge Capital Group LLC Boosts Stock Position in TotalEnergies SE Sponsored ADR $TTE

BayBridge Capital Group LLC raised its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 177.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 14,151 shares of the company’s stock after buying an additional 9,043 shares during the period. BayBridge Capital Group LLC’s holdings in TotalEnergies were worth $1,100,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTE. ABN AMRO Bank N.V. bought a new stake in shares of TotalEnergies in the fourth quarter worth $122,831,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in TotalEnergies in the fourth quarter valued at about $830,000. Assetmark Inc. lifted its holdings in TotalEnergies by 8.1% in the fourth quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock valued at $16,124,000 after acquiring an additional 18,480 shares during the period. Vanguard Group Inc. purchased a new position in TotalEnergies in the fourth quarter worth about $5,337,330,000. Finally, Generali Asset Management SPA SGR purchased a new position in TotalEnergies in the fourth quarter worth about $85,105,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Down 0.4%

TTE stock opened at $87.61 on Thursday. TotalEnergies SE Sponsored ADR has a twelve month low of $57.39 and a twelve month high of $94.17. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. The stock has a market cap of $210.06 billion, a P/E ratio of 10.96, a PEG ratio of 3.10 and a beta of 0.14. The business’s 50-day moving average price is $82.98 and its 200-day moving average price is $84.16.

TotalEnergies (NYSE:TTE) last released its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share (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, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 10.65 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on TTE. Wall Street Zen lowered shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Piper Sandler reaffirmed a “neutral” rating and set a $85.00 target price on shares of TotalEnergies in a report on Thursday, July 23rd. Finally, TD Cowen increased their price target on shares of TotalEnergies from $102.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Eleven 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.14.

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.