Bleakley Financial Group LLC Buys 5,345 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• Bleakley Financial Group LLC increased its stake in TotalEnergies SE by 8.8% after acquiring 5,345 additional shares, bringing its total holdings to 66,122 shares valued at approximately $4.06 million.
• Major institutional investors such as Goldman Sachs and Federated Hermes also raised their positions in TotalEnergies, contributing to a 16.53% ownership in the company by such investors.
• Analysts hold a mixed view on TotalEnergies, with a consensus rating of "Moderate Buy" and a target price of **$65.20**, while BNP Paribas recently downgraded its rating to "hold."

Bleakley Financial Group LLC raised its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 8.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,122 shares of the company's stock after purchasing an additional 5,345 shares during the quarter. Bleakley Financial Group LLC's holdings in TotalEnergies were worth $4,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of TotalEnergies by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company's stock valued at $278,366,000 after buying an additional 169,435 shares in the last quarter. Federated Hermes Inc. increased its stake in TotalEnergies by 23.1% in the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company's stock valued at $229,780,000 after acquiring an additional 665,620 shares during the last quarter. Goldman Sachs Group Inc. raised its position in 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 in the last quarter. Raymond James Financial Inc. lifted its stake in TotalEnergies by 9.9% during the first quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company's stock worth $203,566,000 after purchasing an additional 283,595 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of TotalEnergies by 6.4% in the 1st quarter. Royal Bank of Canada now owns 3,104,000 shares of the company's stock worth $200,797,000 after purchasing an additional 186,562 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. BNP Paribas downgraded TotalEnergies from an "outperform" rating to a "hold" rating in a research report on Tuesday, September 23rd. BNP Paribas Exane reissued a "neutral" rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Weiss Ratings restated a "hold (c)" rating on shares of TotalEnergies in a report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of TotalEnergies in a report on Tuesday, September 30th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $69.00 target price on shares of TotalEnergies in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, TotalEnergies has a consensus rating of "Moderate Buy" and a consensus target price of $65.20.

TotalEnergies Price Performance

Shares of TotalEnergies stock opened at $62.64 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The company's fifty day simple moving average is $61.28 and its two-hundred day simple moving average is $60.38. The firm has a market cap of $150.20 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 1.54 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $65.76.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.62 by ($0.05). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The business had revenue of $44.68 billion for the quarter, compared to analysts' expectations of $42.44 billion. As a group, equities analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Company 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.

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