NewEdge Wealth LLC Boosts Stake in TotalEnergies SE Sponsored ADR $TTE

by · The Cerbat Gem

NewEdge Wealth LLC lifted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) by 18.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 47,592 shares of the company’s stock after acquiring an additional 7,369 shares during the period. NewEdge Wealth LLC’s holdings in TotalEnergies were worth $4,330,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTE. Vanguard Group Inc. purchased a new stake in TotalEnergies during the fourth quarter valued at about $5,337,330,000. Capital International Investors boosted its holdings in shares of TotalEnergies by 1,438.5% in the 4th 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of TotalEnergies by 21,398.0% in the 4th 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 bought a new position in shares of TotalEnergies during the 4th quarter valued at about $1,982,676,000. Finally, Norges Bank bought a new position in shares of TotalEnergies during the 4th quarter valued at about $1,917,626,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Key TotalEnergies News

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 Price Performance

TTE opened at $86.93 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The stock’s 50 day simple moving average is $84.01 and its 200 day simple moving average is $82.14. The firm has a market cap of $208.43 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 3.08 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.

TotalEnergies (NYSE:TTE – Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The firm had revenue of $57.10 billion during the quarter. TotalEnergies had a return on equity of 16.01% and a net margin of 8.29%. As a group, analysts predict that TotalEnergies SE Sponsored ADR will post 10.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of research reports. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Wall Street Zen lowered TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. CICC Research assumed coverage on shares of TotalEnergies in a research report on Tuesday, June 23rd. They set an “outperform” rating on the stock. Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Mizuho began coverage on shares of TotalEnergies in a research note on Monday, July 20th. They set an “outperform” rating and a $103.00 price target on the stock. Eleven 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. According to data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price of $87.14.

Check Out Our Latest Report on TotalEnergies

About TotalEnergies

(Free Report)

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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