JPMorgan Chase & Co. Acquires 58,236 Shares of TotalEnergies SE Sponsored ADR $TTE

JPMorgan Chase & Co. boosted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,250,845 shares of the company’s stock after acquiring an additional 58,236 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.09% of TotalEnergies worth $138,179,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in shares of TotalEnergies by 53.0% during the first quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock valued at $209,112,000 after purchasing an additional 1,119,406 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in TotalEnergies by 287.2% during the 1st quarter. Alyeska Investment Group L.P. now owns 1,247,765 shares of the company’s stock worth $80,718,000 after buying an additional 925,541 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in TotalEnergies by 295.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,749 shares of the company’s stock valued at $33,504,000 after buying an additional 407,751 shares during the last quarter. Natixis Advisors LLC boosted its position in TotalEnergies by 17.3% in the 1st quarter. Natixis Advisors LLC now owns 2,160,096 shares of the company’s stock valued at $139,737,000 after buying an additional 318,225 shares during the last quarter. Finally, GW Henssler & Associates Ltd. acquired a new stake in shares of TotalEnergies in the 1st quarter valued at $20,580,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TTE. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. Scotiabank upped their target price on shares of TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Berenberg Bank cut shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a research report on Thursday, September 25th. Piper Sandler increased their price objective on shares of TotalEnergies from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, November 10th. Finally, BNP Paribas Exane reaffirmed a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average price target of $66.96.

TotalEnergies Stock Up 0.6%

TotalEnergies stock opened at $65.58 on Thursday. The firm has a market capitalization of $157.23 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.50 and a beta of 0.50. The company’s 50 day simple moving average is $61.84 and its 200 day simple moving average is $61.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $65.93.

TotalEnergies (NYSE:TTE) last posted its earnings results on Monday, November 3rd. The company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.04). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%.The firm had revenue of $43.84 billion during the quarter, compared to analyst estimates of $43.66 billion. As a group, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current 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.