Gibbs Wealth Management Has $1.14 Million Holdings in TotalEnergies SE Sponsored ADR $TTE

Gibbs Wealth Management grew its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 276.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 12,519 shares of the company’s stock after acquiring an additional 9,193 shares during the period. Gibbs Wealth Management’s holdings in TotalEnergies were worth $1,139,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. bought a new stake in TotalEnergies during the 4th quarter worth $5,337,330,000. Capital International Investors raised its position in TotalEnergies by 1,438.5% in the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after purchasing an additional 49,245,192 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in TotalEnergies by 21,398.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after purchasing an additional 40,192,677 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new stake in shares of TotalEnergies during the fourth quarter valued at about $1,982,676,000. Finally, Norges Bank acquired a new stake in shares of TotalEnergies during the fourth quarter valued at about $1,917,626,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Piper Sandler reaffirmed a “neutral” rating and issued a $85.00 price objective on shares of TotalEnergies in a research note on Thursday. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, CICC Research assumed coverage on shares of TotalEnergies in a research note on Tuesday, June 23rd. They set an “outperform” rating for the company. Eleven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and an average target price of $87.14.

Trending Headlines about TotalEnergies

Here are the key news stories impacting TotalEnergies this week:

• Positive Sentiment: TotalEnergies reported second-quarter results that highlighted a 67%-68% jump in profit, driven by higher oil prices and strong refining/trading margins. The company also posted solid cash flow and reduced net debt, reinforcing balance-sheet strength. Reuters: TotalEnergies Q2 profit up 67% on higher oil price, strong refining margins
• Positive Sentiment: The board approved a second interim dividend of €0.90 per share, a 5.9% increase from last year, which should appeal to income-focused investors. Business Wire: Second interim dividend
• Positive Sentiment: Management said the company earned about $400 million annually from Russian LNG cargo sales, adding to near-term cash generation. Reuters: Russian LNG sales
• Positive Sentiment: TD Cowen raised its price target to $105 and kept a Buy rating, signaling further upside potential after the results. The Fly: TD Cowen price target increase
• Neutral Sentiment: One post-earnings note said Q2 earnings and sales missed estimates because lower production offset stronger cash flow and refining gains, so the market is balancing a mixed headline against better underlying profitability. Zacks: Q2 earnings and sales miss estimates
• Neutral Sentiment: Management also said it will exit its stake in the Arctic LNG 2 project in Russia, a strategic move that reduces exposure but may limit some future upside from that asset. Reuters: Exit Arctic LNG 2
• Negative Sentiment: Piper Sandler reiterated a Neutral rating with an $85 target, suggesting limited upside from current levels compared with more bullish analyst views. Benzinga: Piper Sandler rating

TotalEnergies Stock Up 0.8%

Shares of TTE opened at $86.93 on Friday. The stock’s 50-day moving average price is $84.01 and its two-hundred day moving average price is $82.14. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The company has a market capitalization of $208.43 billion, a PE ratio of 10.88, a PEG ratio of 3.08 and a beta of 0.14. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. TotalEnergies had a return on equity of 16.01% and a net margin of 8.29%.The company had revenue of $57.10 billion during the quarter. On average, analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.54 EPS for the current 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.