Gibbs Wealth Management Purchases 9,193 Shares of TotalEnergies SE Sponsored ADR $TTE

Gibbs Wealth Management lifted its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 276.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 12,519 shares of the company’s stock after purchasing an additional 9,193 shares during the quarter. Gibbs Wealth Management’s holdings in TotalEnergies were worth $1,139,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TTE. YANKCOM Partnership grew its holdings in TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after acquiring an additional 232 shares during the period. MH & Associates Securities Management Corp ADV bought a new position in shares of TotalEnergies in the 4th quarter worth about $29,000. Lodestone Wealth Management LLC acquired a new position in shares of TotalEnergies in the 4th quarter valued at about $32,000. Elyxium Wealth LLC acquired a new position in shares of TotalEnergies in the 4th quarter valued at about $33,000. Finally, SHP Wealth Management bought a new stake in shares of TotalEnergies during the 4th quarter valued at about $37,000. Institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. CICC Research started coverage on TotalEnergies in a research note on Tuesday, June 23rd. They set an “outperform” rating for the company. Zacks Research lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. TD Cowen raised their price objective on shares of TotalEnergies from $102.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Eleven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus price target of $87.14.

Key TotalEnergies News

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 Trading Up 0.8%

Shares of TotalEnergies stock opened at $86.93 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The stock has a 50 day moving average price of $84.01 and a two-hundred day moving average price of $82.14. The stock has a market capitalization of $208.43 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 3.08 and a beta of 0.14.

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

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.