Euro Pacific Asset Management LLC Invests $16.18 Million in TotalEnergies SE Sponsored ADR $TTE

Euro Pacific Asset Management LLC purchased a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTEFree Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 177,877 shares of the company’s stock, valued at approximately $16,183,000. TotalEnergies makes up approximately 1.5% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 23rd biggest position.

Several other large investors have also recently modified their holdings of TTE. AQR Capital Management LLC increased 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 valued at $4,364,000 after purchasing an additional 40,586 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of TotalEnergies by 2.1% in the first quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock worth $2,652,000 after buying an additional 835 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of TotalEnergies by 17.7% in the second quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock worth $315,000 after buying an additional 774 shares in 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 valued at $1,490,000 after buying an additional 3,151 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of TotalEnergies by 7.3% during the second quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock valued at $12,168,000 after buying an additional 13,536 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 3.2%

Shares of TotalEnergies stock opened at $81.37 on Friday. The company has a market cap of $195.11 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 2.81 and a beta of 0.14. The company’s 50 day moving average is $84.71 and its 200 day moving average is $81.48. TotalEnergies SE Sponsored ADR has a twelve month low of $57.39 and a twelve 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.

TotalEnergies (NYSE:TTEGet Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The business 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%. Research analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. TD Cowen restated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. CICC Research assumed coverage on TotalEnergies in a research note on Tuesday, June 23rd. They set an “outperform” rating on the stock. Scotiabank lifted their target price on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Wall Street Zen downgraded TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.33.

Get Our Latest Research Report on TotalEnergies

More TotalEnergies News

Here are the key news stories impacting TotalEnergies this week:

TotalEnergies Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding TTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TotalEnergies SE Sponsored ADR (NYSE:TTEFree Report).

Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

Receive News & Ratings for TotalEnergies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TotalEnergies and related companies with MarketBeat.com's FREE daily email newsletter.