Hudson Portfolio Management LLC Invests $1.78 Million in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Hudson Portfolio Management initiated a $1.78 million position in TotalEnergies, purchasing 22,888 shares. The stock represents about 1.3% of the firm’s portfolio, while institutional investors collectively own 16.53% of the company.
• Analyst sentiment is generally positive, with 11 Buy, seven Hold and one Sell rating. TotalEnergies has a consensus rating of “Moderate Buy” and an average price target of $87.14.
• TotalEnergies reported quarterly EPS of $2.68 on $57.10 billion in revenue, with a 15.66% return on equity and an 8.29% net margin. Shares opened at $90.17, near the company’s 52-week high of $94.17.

Hudson Portfolio Management LLC bought a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,888 shares of the company's stock, valued at approximately $1,780,000. TotalEnergies makes up approximately 1.3% of Hudson Portfolio Management LLC's holdings, making the stock its 19th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in TotalEnergies by 151.0% during the first quarter. AQR Capital Management LLC now owns 67,461 shares of the company's stock worth $4,364,000 after acquiring an additional 40,586 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of TotalEnergies by 2.1% in the 1st quarter. Empowered Funds LLC now owns 40,988 shares of the company's stock valued at $2,652,000 after purchasing an additional 835 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in shares of TotalEnergies by 17.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company's stock valued at $315,000 after purchasing an additional 774 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of TotalEnergies by 14.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company's stock worth $1,490,000 after purchasing an additional 3,151 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of TotalEnergies by 7.3% in the 2nd quarter. Invesco Ltd. now owns 198,215 shares of the company's stock worth $12,168,000 after purchasing an additional 13,536 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TTE shares. Piper Sandler restated a "neutral" rating and set a $85.00 price target on shares of TotalEnergies in a report on Thursday, July 23rd. CICC Research assumed coverage on shares of TotalEnergies in a research note on Tuesday, June 23rd. They set an "outperform" rating for the company. TD Cowen boosted their price objective on shares of TotalEnergies from $102.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Weiss Ratings raised shares of TotalEnergies from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 24th. Finally, Wall Street Zen upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a report on Monday. Eleven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, TotalEnergies has a consensus rating of "Moderate Buy" and an average target price of $87.14.

TotalEnergies Trading Down 0.2%

Shares of NYSE TTE opened at $90.17 on Thursday. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. The company has a market cap of $216.19 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 3.19 and a beta of 0.13. The business's 50 day moving average price is $84.17 and its 200-day moving average price is $85.80.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. The company had revenue of $57.10 billion during the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. On average, sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 10.65 earnings per share for the current year.

TotalEnergies Profile

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.

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