U S Global Investors Inc. Acquires 11,000 Shares of TotalEnergies SE Sponsored ADR $TTE

U S Global Investors Inc. lifted its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 275.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,000 shares of the company’s stock after buying an additional 11,000 shares during the quarter. U S Global Investors Inc.’s holdings in TotalEnergies were worth $921,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC raised its holdings in shares of TotalEnergies by 2.5% in the first quarter. HighTower Advisors LLC now owns 768,826 shares of the company’s stock valued at $49,735,000 after buying an additional 19,043 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of TotalEnergies in the first quarter valued at about $280,000. Leo Wealth LLC raised its holdings in shares of TotalEnergies by 106.7% in the first quarter. Leo Wealth LLC now owns 20,931 shares of the company’s stock valued at $1,354,000 after buying an additional 10,805 shares during the last quarter. Banco Santander S.A. raised its holdings in shares of TotalEnergies by 26.1% in the first quarter. Banco Santander S.A. now owns 66,888 shares of the company’s stock valued at $4,327,000 after buying an additional 13,850 shares during the last quarter. Finally, Fred Alger Management LLC raised its holdings in TotalEnergies by 8.1% during the 1st quarter. Fred Alger Management LLC now owns 80,432 shares of the company’s stock worth $5,260,000 after purchasing an additional 6,044 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TTE. Berenberg Bank cut TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a report on Thursday, September 25th. BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. BNP Paribas cut TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday, September 23rd. Piper Sandler boosted their price objective on TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.95.

TotalEnergies Price Performance

TotalEnergies stock opened at $57.47 on Friday. The firm has a market capitalization of $137.79 billion, a P/E ratio of 10.43, a PEG ratio of 1.38 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $68.58. The business has a 50-day moving average of $61.33 and a 200-day moving average of $60.51. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40.

TotalEnergies (NYSE:TTE) last posted its earnings results on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). The company had revenue of $44.68 billion for the quarter, compared to analyst estimates of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. On average, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

About TotalEnergies

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.