QRG Capital Management Inc. Boosts Holdings in TotalEnergies SE Sponsored ADR $TTE

Key Points

• QRG Capital Management Inc. increased its position in TotalEnergies SE Sponsored ADR by 15.2%, acquiring 25,142 additional shares to bring its total holdings to 190,637 shares valued at approximately $11.7 million.
• TotalEnergies' recent earnings report indicated an EPS of $1.57 for the quarter, falling short of the consensus estimate of $1.62, but the company reported a revenue of $44.68 billion, exceeding expectations.
• Analysts have varying ratings on TotalEnergies, with a consensus rating of "Moderate Buy" and a price target averaging $64.45, as two analysts rated it a Strong Buy, while several downgraded their positions recently.

QRG Capital Management Inc. boosted its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 15.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,637 shares of the company's stock after purchasing an additional 25,142 shares during the quarter. QRG Capital Management Inc.'s holdings in TotalEnergies were worth $11,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TTE. Inlight Wealth Management LLC purchased a new stake in TotalEnergies in the 1st quarter worth approximately $32,000. Costello Asset Management INC purchased a new stake in TotalEnergies in the 1st quarter worth approximately $32,000. SouthState Corp lifted its stake in TotalEnergies by 126.1% in the 1st quarter. SouthState Corp now owns 572 shares of the company's stock worth $37,000 after purchasing an additional 319 shares in the last quarter. Arlington Trust Co LLC purchased a new stake in TotalEnergies in the 1st quarter worth approximately $39,000. Finally, Brentview Investment Management LLC purchased a new stake in TotalEnergies in the 1st quarter worth approximately $45,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

TTE stock opened at $59.73 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $69.79. The firm's fifty day moving average is $61.45 and its 200 day moving average is $60.65. The firm has a market cap of $143.20 billion, a P/E ratio of 10.84, a P/E/G ratio of 1.40 and a beta of 0.53.

TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $42.44 billion. Research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BNP Paribas cut shares of TotalEnergies from an "outperform" rating to a "hold" rating in a research note on Tuesday, September 23rd. Berenberg Bank lowered shares of TotalEnergies from a "buy" rating to a "hold" rating and set a $64.00 price target on the stock. in a report on Thursday, September 25th. BNP Paribas Exane reissued a "neutral" rating on shares of TotalEnergies in a report on Tuesday, September 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of TotalEnergies in a report on Saturday, September 27th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of TotalEnergies in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.45.

TotalEnergies 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.