Morningstar Investment Management LLC Sells 32,936 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• Morningstar Investment Management reduced its TotalEnergies position by 31.3% in the first quarter, selling 32,936 shares and leaving it with 72,155 shares worth about $6.62 million.
• TotalEnergies’ recent operating updates were broadly positive, with second-quarter profit up 67%-68% on stronger oil prices and refining margins, alongside solid cash flow and lower net debt.
• The company also boosted shareholder returns by approving a €0.90 second interim dividend, up 5.9% year over year, while analysts remain mostly constructive with a consensus Moderate Buy rating.

Morningstar Investment Management LLC cut its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 31.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,155 shares of the company's stock after selling 32,936 shares during the quarter. Morningstar Investment Management LLC's holdings in TotalEnergies were worth $6,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. bought a new position in shares of TotalEnergies in the fourth quarter worth $5,337,330,000. Capital International Investors boosted its stake in TotalEnergies by 1,438.5% during the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company's stock valued at $3,435,988,000 after buying an additional 49,245,192 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in TotalEnergies by 21,398.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company's stock valued at $2,641,693,000 after buying an additional 40,192,677 shares during the period. Caisse Des Depots ET Consignations purchased a new position in TotalEnergies during the fourth quarter worth about $1,982,676,000. Finally, Norges Bank bought a new position in TotalEnergies in the 4th quarter worth about $1,917,626,000. 16.53% of the stock is owned by institutional investors.

Key Stories Impacting TotalEnergies

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 Price Performance

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 company has a fifty day moving average of $84.01 and a 200-day moving average of $82.14. The stock has a market capitalization of $208.43 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 3.08 and a beta of 0.14.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 16.01%. The business had revenue of $57.10 billion during the quarter. Equities research analysts expect that TotalEnergies SE Sponsored ADR will post 10.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TTE shares. TD Cowen lifted their price target on TotalEnergies from $102.00 to $105.00 and gave the company a "buy" rating in a research report on Friday. Weiss Ratings upgraded shares of TotalEnergies from a "hold (c)" rating to a "buy (b-)" rating in a research report on Friday, May 1st. BNP Paribas Exane raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Friday, April 17th. Zacks Research cut TotalEnergies from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 25th. Finally, Wall Street Zen lowered TotalEnergies from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. Eleven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $87.14.

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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