TotalEnergies SE Sponsored ADR $TTE Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC raised its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 30.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,659,978 shares of the company's stock after buying an additional 616,387 shares during the period. Lazard Asset Management LLC owned about 0.11% of TotalEnergies worth $248,722,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. purchased a new position in TotalEnergies during the 4th quarter valued at about $5,337,330,000. Capital International Investors increased 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 worth $3,435,988,000 after purchasing an additional 49,245,192 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of 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 worth $2,641,693,000 after purchasing an additional 40,192,677 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new stake in shares of TotalEnergies during the fourth quarter worth about $1,982,676,000. Finally, Norges Bank purchased a new position in shares of TotalEnergies in the fourth quarter valued at approximately $1,917,626,000. Hedge funds and other institutional investors own 16.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. CICC Research began coverage on shares of TotalEnergies in a report on Tuesday, June 23rd. They issued an "outperform" rating for the company. Scotiabank raised their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 22nd. Zacks Research downgraded shares of TotalEnergies from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 25th. Mizuho initiated coverage on TotalEnergies in a research report on Monday, July 20th. They set an "outperform" rating and a $103.00 price objective on the stock. Finally, Piper Sandler reiterated a "neutral" rating and issued a $85.00 price objective on shares of TotalEnergies in a research note on Thursday. Eleven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, TotalEnergies has an average rating of "Moderate Buy" and an average target price of $87.14.

TotalEnergies Stock Up 0.1%

Shares of NYSE TTE opened at $86.93 on Monday. The business has a 50-day moving average of $84.01 and a two-hundred day moving average of $82.25. The company has a market capitalization of $208.43 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 3.09 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. 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 (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%.The business had revenue of $57.10 billion for the quarter. On average, analysts forecast that TotalEnergies SE Sponsored ADR will post 10.57 earnings per share for the current fiscal year.

Key Headlines 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 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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