TotalEnergies SE Sponsored ADR $TTE Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 3.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 250,718 shares of the company’s stock after acquiring an additional 9,086 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in TotalEnergies were worth $18,810,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TTE. AQR Capital Management LLC increased its stake in TotalEnergies by 151.0% during the first quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock worth $4,364,000 after purchasing an additional 40,586 shares during the period. Empowered Funds LLC boosted its stake in shares of TotalEnergies by 2.1% in the first quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock valued at $2,652,000 after purchasing an additional 835 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of TotalEnergies by 17.7% in the second quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock valued at $315,000 after purchasing an additional 774 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of TotalEnergies by 14.9% in the second quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock valued at $1,490,000 after purchasing an additional 3,151 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of TotalEnergies by 7.3% in the second quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock valued at $12,168,000 after purchasing an additional 13,536 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

Shares of TTE stock opened at $88.63 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average price of $84.63 and a 200 day moving average price of $85.91. The company has a market cap of $212.51 billion, a P/E ratio of 11.09, a PEG ratio of 3.15 and a beta of 0.13. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17.

TotalEnergies (NYSE:TTE) last posted its earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%.The firm had revenue of $57.10 billion for the quarter. Sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 10.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TTE shares. Mizuho began coverage on shares of TotalEnergies in a research note on Monday, July 20th. They set an “outperform” rating and a $103.00 target price on the stock. Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. CICC Research began coverage on shares of TotalEnergies in a research note on Tuesday, June 23rd. They issued an “outperform” rating for the company. Weiss Ratings raised TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Finally, Morgan Stanley set a $90.00 price objective on TotalEnergies and gave the company an “equal weight” rating in a research note on Thursday. Ten investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $88.50.

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.