TD Waterhouse Canada Inc. Raises Stock Position in TotalEnergies SE Sponsored ADR $TTE

TD Waterhouse Canada Inc. grew its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 250,718 shares of the company’s stock after buying an additional 9,086 shares during the period. TD Waterhouse Canada Inc.’s holdings in TotalEnergies were worth $18,810,000 at the end of the most recent reporting period.

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

TotalEnergies Trading Down 0.7%

NYSE:TTE opened at $88.63 on Friday. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17. The firm 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. 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’s 50 day simple moving average is $84.63 and its 200-day simple moving average is $85.91.

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. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The business had revenue of $57.10 billion for the quarter. Equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.65 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TTE. Mizuho started coverage on TotalEnergies in a research report on Monday, July 20th. They issued an “outperform” rating and a $103.00 target price for the company. Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Morgan Stanley set a $90.00 price objective on TotalEnergies and gave the company an “equal weight” rating in a report on Thursday. Wall Street Zen upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a research report on Monday, August 31st. Finally, Piper Sandler upped their price target on shares of TotalEnergies from $84.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, TotalEnergies currently has a consensus rating of “Hold” and an average price target of $88.50.

About TotalEnergies

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.