Opal Capital LLC Buys 23,047 Shares of TotalEnergies SE Sponsored ADR $TTE

Opal Capital LLC increased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 70.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,539 shares of the company’s stock after purchasing an additional 23,047 shares during the quarter. Opal Capital LLC’s holdings in TotalEnergies were worth $5,053,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Amundi bought a new position in TotalEnergies in the first quarter valued at approximately $18,868,822,000. EverSource Wealth Advisors LLC raised its position in shares of TotalEnergies by 12.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 10,074 shares of the company’s stock valued at $917,000 after acquiring an additional 1,104 shares during the last quarter. Recurrent Investment Advisors LLC raised its position in shares of TotalEnergies by 5.6% during the 1st quarter. Recurrent Investment Advisors LLC now owns 15,824 shares of the company’s stock valued at $1,440,000 after acquiring an additional 836 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of TotalEnergies by 8.2% in the 1st quarter. Empowered Funds LLC now owns 57,038 shares of the company’s stock valued at $5,189,000 after purchasing an additional 4,300 shares during the period. Finally, Evelyn Partners Investment Management LLP lifted its stake in shares of TotalEnergies by 2.7% in the 1st quarter. Evelyn Partners Investment Management LLP now owns 350,023 shares of the company’s stock valued at $32,719,000 after purchasing an additional 9,146 shares during the period. Institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

TTE has been the subject of several recent analyst reports. Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Scotiabank upped their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Wall Street Zen cut TotalEnergies from a “buy” rating to a “hold” rating in a research 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. Eleven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $87.14.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $84.25 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85. The business has a 50-day moving average of $83.65 and a 200-day moving average of $82.55. The stock has a market capitalization of $202.00 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 2.98 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17.

TotalEnergies (NYSE:TTE) last released its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%.The business had revenue of $57.10 billion for the quarter. As a group, sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 10.61 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.