QRG Capital Management Inc. Grows Holdings in TotalEnergies SE Sponsored ADR $TTE

QRG Capital Management Inc. increased its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 97.8% in the 1st quarter, Holdings Channel reports. The firm owned 77,551 shares of the company’s stock after purchasing an additional 38,351 shares during the period. QRG Capital Management Inc.’s holdings in TotalEnergies were worth $7,101,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Aberdeen Group plc lifted its position in shares of TotalEnergies by 14.5% in the fourth quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock valued at $25,124,000 after acquiring an additional 48,640 shares in the last quarter. ABN AMRO Bank N.V. acquired a new stake in shares of TotalEnergies in the fourth quarter worth $122,831,000. Assetmark Inc. grew its position in TotalEnergies by 8.1% in the fourth quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock valued at $16,124,000 after acquiring an additional 18,480 shares in the last quarter. Vanguard Group Inc. acquired a new position in shares of TotalEnergies in the 4th quarter valued at approximately $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in TotalEnergies during the fourth quarter valued at approximately $830,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Zacks Research downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Wall Street Zen lowered TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday. Piper Sandler lifted their price target on shares of TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Finally, TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.33.

TotalEnergies Stock Up 0.1%

Shares of TTE stock opened at $76.73 on Monday. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average of $86.97 and a 200-day moving average of $80.62. The company has a market capitalization of $183.99 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 2.57 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. As a group, equities research analysts predict that TotalEnergies SE Sponsored ADR will post 11.23 earnings per share for the current fiscal year.

TotalEnergies Company 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.