TotalEnergies SE Sponsored ADR $TTE Shares Acquired by BayBridge Capital Group LLC

BayBridge Capital Group LLC boosted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 177.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,151 shares of the company’s stock after purchasing 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 reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. MGO One Seven LLC lifted its stake in shares of TotalEnergies by 1.3% during the fourth quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock worth $681,000 after purchasing an additional 137 shares in the last quarter. Fiduciary Financial Group LLC grew its stake in shares of TotalEnergies by 5.9% in the second quarter. Fiduciary Financial Group LLC now owns 2,767 shares of the company’s stock valued at $215,000 after buying an additional 154 shares in the last quarter. Financial Management Professionals Inc. grew its stake in shares of TotalEnergies by 36.0% in the second quarter. Financial Management Professionals Inc. now owns 589 shares of the company’s stock valued at $46,000 after buying an additional 156 shares in the last quarter. World Investment Advisors raised its holdings in shares of TotalEnergies by 2.0% during the 1st quarter. World Investment Advisors now owns 8,448 shares of the company’s stock valued at $771,000 after buying an additional 165 shares during the period. Finally, Planned Solutions Inc. raised its holdings in shares of TotalEnergies by 5.6% during the 2nd quarter. Planned Solutions Inc. now owns 3,162 shares of the company’s stock valued at $246,000 after buying an additional 168 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TTE has been the subject of a number of analyst reports. Wall Street Zen upgraded TotalEnergies from a “hold” rating to a “buy” rating in a report on Monday, August 31st. Mizuho assumed coverage on shares of TotalEnergies in a research note on Monday, July 20th. They set an “outperform” rating and a $103.00 price objective on the stock. Weiss Ratings raised shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, TD Cowen upped their target price on shares of TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $88.50.

TotalEnergies Stock Performance

TotalEnergies stock opened at $90.18 on Wednesday. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. 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 stock has a market cap of $216.23 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 3.08 and a beta of 0.13. The stock has a 50 day moving average of $85.09 and a 200-day moving average of $86.15.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. The business had revenue of $57.10 billion during the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. On average, analysts expect that TotalEnergies SE Sponsored ADR will post 10.83 EPS for the current fiscal year.

About TotalEnergies

TotalEnergies SE (NYSE:TTE) is a French multinational energy company engaged in the production, processing and distribution of energy. Its operations span oil and natural gas exploration and production, liquefied natural gas, refining, petrochemicals, fuels, lubricants and other petroleum products.

The company is also expanding its electricity and renewable energy businesses, including solar and wind power, battery storage and electric-vehicle charging services. TotalEnergies serves customers across international markets through activities covering the energy supply chain, from upstream production to transportation, refining, marketing and power generation.

Founded in 1924 as Compagnie française des pétroles, the company operated under the Total name for many years before adopting the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.