Stolper Co Has $2.43 Million Stake in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Stolper Co reduced its TotalEnergies stake by 61.3% in the second quarter, selling 49,540 shares and retaining 31,294 shares valued at approximately $2.43 million.
• Other institutional investors largely increased their positions, while institutional and hedge-fund ownership stood at 16.53% of TotalEnergies’ outstanding shares.
• Analysts maintain a generally positive outlook, with an average rating of “Moderate Buy” and an average price target of $87.14; TotalEnergies recently reported $2.68 in quarterly EPS on $57.10 billion in revenue.

Stolper Co trimmed its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 61.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,294 shares of the company's stock after selling 49,540 shares during the period. Stolper Co's holdings in TotalEnergies were worth $2,433,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC raised its stake in TotalEnergies by 24.0% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 10,743 shares of the company's stock valued at $835,000 after purchasing an additional 2,077 shares during the period. BayBridge Capital Group LLC boosted its position in shares of TotalEnergies by 177.0% in the second quarter. BayBridge Capital Group LLC now owns 14,151 shares of the company's stock worth $1,100,000 after buying an additional 9,043 shares during the period. QRG Capital Management Inc. grew its holdings in shares of TotalEnergies by 47.9% during the second quarter. QRG Capital Management Inc. now owns 114,663 shares of the company's stock valued at $8,916,000 after buying an additional 37,112 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of TotalEnergies by 9.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 6,114 shares of the company's stock valued at $475,000 after buying an additional 520 shares in the last quarter. Finally, Portside Wealth Group LLC raised its position in TotalEnergies by 29.2% during the second quarter. Portside Wealth Group LLC now owns 8,243 shares of the company's stock valued at $641,000 after buying an additional 1,864 shares during the period. 16.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on TTE. Mizuho began coverage on TotalEnergies in a research note on Monday, July 20th. They issued an "outperform" rating and a $103.00 price objective for the company. Kepler Capital Markets upgraded TotalEnergies from a "reduce" rating to a "hold" rating in a report on Thursday, April 23rd. Piper Sandler reissued a "neutral" rating and issued a $85.00 price target on shares of TotalEnergies in a research report on Thursday, July 23rd. TD Cowen raised their price target on shares of TotalEnergies from $102.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of TotalEnergies from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating, seven have issued 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 an average target price of $87.14.

TotalEnergies Price Performance

TTE opened at $87.61 on Thursday. The stock has a fifty day moving average price of $82.98 and a 200 day moving average price of $84.16. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. The stock has a market cap of $210.06 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 3.10 and a beta of 0.14.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%.The company had revenue of $57.10 billion for the quarter. Analysts forecast that TotalEnergies SE Sponsored ADR will post 10.65 EPS for the current fiscal 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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