U S Global Investors Inc. Has $921,000 Stock Position in TotalEnergies SE Sponsored ADR $TTE

Key Points

• U S Global Investors Inc. increased its position in TotalEnergies SE by 275.0%, owning 15,000 shares valued at $921,000 as of the latest SEC filing.
• Several institutional investors have also made recent adjustments to their holdings in TotalEnergies, with a total of 16.53% of the company’s stock owned by hedge funds and institutional investors.
• TotalEnergies' shares currently have a consensus rating of "Moderate Buy" and a consensus target price of $64.95, reflecting positive sentiment among analysts.

U S Global Investors Inc. lifted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 275.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,000 shares of the company's stock after acquiring an additional 11,000 shares during the period. U S Global Investors Inc.'s holdings in TotalEnergies were worth $921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Inlight Wealth Management LLC acquired a new stake in shares of TotalEnergies in the first quarter worth $32,000. Costello Asset Management INC acquired a new stake in shares of TotalEnergies in the first quarter worth $32,000. Trust Co. of Toledo NA OH acquired a new stake in TotalEnergies during the second quarter worth $34,000. SouthState Corp boosted its stake in TotalEnergies by 126.1% during the first quarter. SouthState Corp now owns 572 shares of the company's stock worth $37,000 after buying an additional 319 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in TotalEnergies during the first quarter worth $39,000. Institutional investors and hedge funds own 16.53% of the company's stock.

Analyst Ratings Changes

TTE has been the topic of a number of recent research reports. Piper Sandler lifted their price target on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Monday, August 18th. Royal Bank Of Canada reiterated an "outperform" rating on shares of TotalEnergies in a research note on Tuesday, September 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of TotalEnergies in a research note on Wednesday. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Finally, Scotiabank lifted their price target on shares of TotalEnergies from $65.00 to $67.00 and gave the stock a "sector perform" rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.95.

TotalEnergies Stock Down 1.9%

Shares of NYSE TTE opened at $57.47 on Friday. The stock has a market cap of $137.79 billion, a PE ratio of 10.43, a PEG ratio of 1.38 and a beta of 0.53. The business has a fifty day moving average of $61.33 and a two-hundred day moving average of $60.51. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $68.58. 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 (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.62 by ($0.05). The company had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. As a group, equities research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

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.

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