QRG Capital Management Inc. Purchases 37,112 Shares of TotalEnergies SE Sponsored ADR $TTE

QRG Capital Management Inc. boosted its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 47.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 114,663 shares of the company’s stock after acquiring an additional 37,112 shares during the quarter. QRG Capital Management Inc.’s holdings in TotalEnergies were worth $8,916,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TTE. Robinswood Financial LLC purchased a new stake in shares of TotalEnergies during the 1st quarter valued at about $27,000. Maseco LLP lifted its stake in shares of TotalEnergies by 119.9% in 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 purchased a new position in shares of TotalEnergies in the first quarter worth approximately $39,000. Elyxium Wealth LLC purchased a new position in shares of TotalEnergies in the fourth quarter worth approximately $33,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in TotalEnergies during the first quarter valued at approximately $50,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TTE shares. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. CICC Research started coverage on shares of TotalEnergies in a research report on Tuesday, June 23rd. They set an “outperform” rating for the company. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Scotiabank raised their target price on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.14.

TotalEnergies Price Performance

NYSE:TTE opened at $87.61 on Thursday. The business’s 50-day moving average is $82.98 and its 200 day moving average is $84.16. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The company has a market capitalization of $210.06 billion, a P/E ratio of 10.96, a P/E/G ratio of 3.10 and a beta of 0.14. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. The business had revenue of $57.10 billion for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. On average, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 10.65 earnings per share for the current fiscal 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.