QRG Capital Management Inc. Purchases 37,112 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• QRG Capital Management increased its TotalEnergies position by 47.9% in the second quarter, purchasing 37,112 additional shares for a total holding of 114,663 shares valued at approximately $8.9 million.
• TotalEnergies’ investment case is supported by its established LNG business and the approved development of Nigeria’s Ima gas field, with production expected to begin in 2028. However, JPMorgan downgraded the stock to Neutral, creating a mixed analyst outlook.
• The stock traded near its 52-week high at $91.96, while analysts maintained a consensus Hold rating and an average price target of $92.00.

QRG Capital Management Inc. grew its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 47.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 114,663 shares of the company's stock after purchasing an additional 37,112 shares during the quarter. QRG Capital Management Inc.'s holdings in TotalEnergies were worth $8,916,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its stake in TotalEnergies by 3.4% in the second quarter. Sequoia Financial Advisors LLC now owns 29,900 shares of the company's stock valued at $2,325,000 after buying an additional 995 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of TotalEnergies by 2.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 20,714 shares of the company's stock valued at $1,611,000 after acquiring an additional 581 shares during the period. NewEdge Advisors LLC lifted its position in shares of TotalEnergies by 0.9% during the 2nd quarter. NewEdge Advisors LLC now owns 47,262 shares of the company's stock valued at $3,675,000 after acquiring an additional 412 shares during the period. IFP Advisors Inc boosted its stake in TotalEnergies by 19.1% during the second quarter. IFP Advisors Inc now owns 1,636 shares of the company's stock worth $127,000 after acquiring an additional 262 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in TotalEnergies by 17.2% in the second quarter. Baird Financial Group Inc. now owns 44,627 shares of the company's stock worth $3,470,000 after purchasing an additional 6,540 shares during the period. Institutional investors own 16.53% of the company's stock.

More TotalEnergies News

Here are the key news stories impacting TotalEnergies this week:

• Positive Sentiment: LNG growth remains a key investment appeal. Analysts emphasize that TotalEnergies has a larger existing LNG business than some major peers, including ExxonMobil and Chevron, while its lower earnings multiple may provide valuation support. The company’s LNG exposure could benefit from long-term demand for natural gas and relatively resilient energy-market growth. Could TotalEnergies LNG Growth Give It an Edge Over ExxonMobil? CVX versus TTE LNG Growth Story
• Positive Sentiment: TotalEnergies and AMNI approved development of Nigeria’s Ima gas field. TotalEnergies, which owns a 40% operating interest, and AMNI, with 60%, expect production to begin in 2028. The offshore project will use a platform and a 22-kilometer pipeline to supply Nigeria LNG, supporting TotalEnergies’ integrated gas and LNG strategy and potentially adding future production. TotalEnergies and AMNI Take Final Investment Decision on Ima Gas Field
• Neutral Sentiment: The company is consolidating its German activities. The restructuring may improve operational coordination and simplify the regional business, but the reports provide limited detail on financial benefits or near-term earnings impact. TotalEnergies Bundles German Activities
• Negative Sentiment: JPMorgan downgraded TotalEnergies from Overweight to Neutral. The move, made as JPMorgan upgraded BP, could limit near-term upside and reflects a less favorable relative view after TotalEnergies’ strong performance versus certain peers. BP Upgraded While TotalEnergies Cut to Neutral

Wall Street Analyst Weigh In

TTE has been the subject of several research analyst reports. TD Cowen lifted their price target on shares of TotalEnergies from $102.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Mizuho assumed coverage on TotalEnergies in a research note on Monday, July 20th. They issued an "outperform" rating and a $103.00 target price for the company. Wall Street Zen raised TotalEnergies from a "hold" rating to a "buy" rating in a research note on Monday, August 31st. JPMorgan Chase & Co. lowered TotalEnergies from an "overweight" rating to a "neutral" rating in a report on Wednesday. Finally, Morgan Stanley set a $90.00 price objective on TotalEnergies and gave the company an "equal weight" rating in a research note on Thursday, September 3rd. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $92.00.

TotalEnergies Trading Up 0.3%

NYSE:TTE opened at $91.96 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The company has a market cap of $220.50 billion, a PE ratio of 11.51, a PEG ratio of 2.98 and a beta of 0.13. The firm has a 50-day moving average of $88.22 and a 200-day moving average of $87.22.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The business had revenue of $57.10 billion for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. As a group, equities research analysts expect that TotalEnergies SE Sponsored ADR will post 11.32 EPS for the current fiscal year.

About TotalEnergies

TotalEnergies SE NYSE: TTE is a French multinational energy company engaged in the production, processing and distribution of energy. Its operations span oil and natural gas exploration and production, liquefied natural gas, refining, petrochemicals, fuels, lubricants and other petroleum products.

The company is also expanding its electricity and renewable energy businesses, including solar and wind power, battery storage and electric-vehicle charging services. TotalEnergies serves customers across international markets through activities covering the energy supply chain, from upstream production to transportation, refining, marketing and power generation.

Founded in 1924 as Compagnie française des pétroles, the company operated under the Total name for many years before adopting the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

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