BayBridge Capital Group LLC Boosts Stock Position in TotalEnergies SE Sponsored ADR $TTE

BayBridge Capital Group LLC boosted its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 177.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,151 shares of the company’s stock after purchasing an additional 9,043 shares during the quarter. BayBridge Capital Group LLC’s holdings in TotalEnergies were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Robinswood Financial LLC purchased a new stake in shares of TotalEnergies during the first quarter worth about $27,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of TotalEnergies during the second quarter valued at approximately $30,000. Maseco LLP boosted its position in TotalEnergies by 119.9% during the first quarter. Maseco LLP now owns 420 shares of the company’s stock worth $38,000 after acquiring an additional 229 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in TotalEnergies during the first quarter worth approximately $39,000. Finally, Elyxium Wealth LLC purchased a new stake in TotalEnergies in the 4th quarter worth approximately $33,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

TTE stock opened at $90.18 on Wednesday. The stock has a 50-day moving average price of $85.09 and a two-hundred day moving average price of $86.15. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The company has a market cap of $216.23 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 3.08 and a beta of 0.13.

TotalEnergies (NYSE:TTE) 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 company had revenue of $57.10 billion for the quarter. As a group, research analysts predict that TotalEnergies SE Sponsored ADR will post 10.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TTE. Mizuho began coverage on TotalEnergies in a research note on Monday, July 20th. They set an “outperform” rating and a $103.00 price target on the stock. Zacks Research lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. TD Cowen increased their target price on TotalEnergies from $102.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Weiss Ratings raised TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Finally, Morgan Stanley set a $90.00 price target on TotalEnergies and gave the company an “equal weight” rating in a report on Thursday, September 3rd. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, TotalEnergies has a consensus rating of “Hold” and a consensus target price of $88.50.

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.