TotalEnergies SE Sponsored ADR $TTE Stock Holdings Decreased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,277 shares of the company’s stock after selling 7,984 shares during the period. Commonwealth Equity Services LLC’s holdings in TotalEnergies were worth $4,140,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. MGO One Seven LLC increased its position in shares of TotalEnergies by 1.3% in the fourth quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock worth $681,000 after acquiring an additional 137 shares in the last quarter. Clear Creek Financial Management LLC raised its stake in TotalEnergies by 2.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock valued at $414,000 after purchasing an additional 150 shares during the period. Bruce G. Allen Investments LLC raised its stake in TotalEnergies by 4.4% during the 4th quarter. Bruce G. Allen Investments LLC now owns 4,091 shares of the company’s stock valued at $268,000 after purchasing an additional 172 shares during the period. SkyView Investment Advisors LLC raised its stake in TotalEnergies by 2.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company’s stock valued at $495,000 after purchasing an additional 175 shares during the period. Finally, OLD National Bancorp IN raised its stake in TotalEnergies by 2.5% during the 4th quarter. OLD National Bancorp IN now owns 7,189 shares of the company’s stock valued at $470,000 after purchasing an additional 176 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TTE. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Scotiabank increased their price objective on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Wall Street Zen downgraded TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Stock Performance

Shares of TTE stock opened at $88.53 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The stock’s 50-day moving average is $90.47 and its two-hundred day moving average is $78.33. The firm has a market cap of $212.27 billion, a P/E ratio of 13.12, a PEG ratio of 3.01 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The company had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. Analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share 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.