J2 Capital Management Inc Raises Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

J2 Capital Management Inc increased its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 5.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,269 shares of the company’s stock after purchasing an additional 315 shares during the quarter. J2 Capital Management Inc’s holdings in TotalEnergies were worth $385,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. increased its holdings in shares of TotalEnergies by 4.3% in the second quarter. UMB Bank n.a. now owns 4,107 shares of the company’s stock valued at $252,000 after purchasing an additional 171 shares during the period. Mayflower Financial Advisors LLC grew its holdings in TotalEnergies by 1.2% during the first quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company’s stock worth $947,000 after acquiring an additional 176 shares during the period. Dorsey & Whitney Trust CO LLC grew its holdings in TotalEnergies by 1.9% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 9,814 shares of the company’s stock worth $635,000 after acquiring an additional 185 shares during the period. Financial Management Professionals Inc. grew its holdings in TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock worth $31,000 after acquiring an additional 192 shares during the period. Finally, Ipswich Investment Management Co. Inc. grew its holdings in TotalEnergies by 0.9% during the first quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company’s stock worth $1,483,000 after acquiring an additional 200 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TTE has been the topic of several analyst reports. Piper Sandler raised their target price on TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday, September 23rd. Berenberg Bank lowered TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a report on Thursday, September 25th. BNP Paribas Exane reaffirmed a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. Finally, Sanford C. Bernstein upgraded TotalEnergies from a “market perform” rating to an “outperform” rating in a research report on Monday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and an average price target of $64.45.

TotalEnergies Stock Performance

Shares of TTE stock opened at $60.35 on Thursday. The company has a market capitalization of $144.69 billion, a P/E ratio of 10.95, a P/E/G ratio of 1.42 and a beta of 0.53. The business’s 50 day moving average is $61.49 and its two-hundred day moving average is $60.72. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $69.79.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The business had revenue of $44.68 billion for the quarter, compared to analysts’ expectations of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. Analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.