QRG Capital Management Inc. Purchases 38,351 Shares of TotalEnergies SE Sponsored ADR $TTE

QRG Capital Management Inc. lifted its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 97.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,551 shares of the company’s stock after buying an additional 38,351 shares during the period. QRG Capital Management Inc.’s holdings in TotalEnergies were worth $7,101,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. MGO One Seven LLC raised its stake in shares of TotalEnergies by 1.3% in 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 during the last quarter. Clear Creek Financial Management LLC increased its holdings in TotalEnergies by 2.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock worth $414,000 after buying an additional 150 shares in the last quarter. World Investment Advisors lifted its stake in 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 acquiring an additional 165 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in shares of TotalEnergies by 4.4% during the 4th quarter. Bruce G. Allen Investments LLC now owns 4,091 shares of the company’s stock valued at $268,000 after acquiring an additional 172 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in shares of TotalEnergies by 2.2% in the second quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company’s stock worth $495,000 after acquiring an additional 175 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 0.1%

Shares of NYSE TTE opened at $76.73 on Monday. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. The firm has a 50-day simple moving average of $86.97 and a two-hundred day simple moving average of $80.62. The company has a market cap of $183.99 billion, a P/E ratio of 11.37, a PEG ratio of 2.57 and a beta of 0.14. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The company had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. Research analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Piper Sandler lifted their target price on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Wall Street Zen lowered shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $84.33.

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.