TotalEnergies SE Sponsored ADR $TTE Shares Sold by QRG Capital Management Inc.

Key Points

• QRG Capital Management cut its stake in TotalEnergies by 68% in Q4, selling 83,258 shares and leaving it with 39,200 shares valued at about $2.56 million.
• Several large institutions built or expanded positions—Vanguard opened a roughly $5.34 billion position and Massachusetts Financial Services increased its holding to about 40.38 million shares (≈$2.64 billion), with other sovereign and bank investors also buying.
• Analysts are mostly positive: MarketBeat shows a consensus rating of "Moderate Buy" with a $80.97 target, multiple recent upgrades (including Scotiabank raising its target to $97), and TotalEnergies posted an EPS beat of $2.45 vs. $2.22 while trading around $88.54 (market cap ≈ $212B).

QRG Capital Management Inc. cut its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 68.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,200 shares of the company's stock after selling 83,258 shares during the quarter. QRG Capital Management Inc.'s holdings in TotalEnergies were worth $2,563,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. purchased a new position in shares of TotalEnergies during the 4th quarter valued at approximately $5,337,330,000. Massachusetts Financial Services Co. MA grew its position 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 acquired a new stake in TotalEnergies during the fourth quarter valued at $1,982,676,000. Bank of Italy acquired a new stake in TotalEnergies during the fourth quarter valued at $422,957,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in TotalEnergies by 160,812,400.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,608,125 shares of the company's stock valued at $104,991,000 after buying an additional 1,608,124 shares during the period. Hedge funds and other institutional investors own 16.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TTE. Wolfe Research restated an "outperform" rating and set a $83.00 price target on shares of TotalEnergies in a research report on Wednesday, January 21st. Jefferies Financial Group upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research report on Thursday, January 8th. Weiss Ratings upgraded shares of TotalEnergies from a "hold (c)" rating to a "buy (b-)" rating in a research report on Friday, May 1st. Zacks Research upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 30th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, TotalEnergies currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.97.

TotalEnergies Stock Down 1.6%

Shares of NYSE TTE opened at $88.54 on Friday. The company's 50-day simple moving average is $87.25 and its 200-day simple moving average is $74.20. TotalEnergies SE Sponsored ADR has a 52-week low of $57.19 and a 52-week high of $93.67. The firm has a market cap of $212.29 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 3.26 and a beta of 0.14. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The business had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. Equities analysts predict that TotalEnergies SE Sponsored ADR will post 10.38 EPS for the current fiscal year.

TotalEnergies Company 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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