Janney Montgomery Scott LLC Cuts Holdings in TotalEnergies SE Sponsored ADR $TTE

Janney Montgomery Scott LLC lessened its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,866 shares of the company’s stock after selling 4,127 shares during the period. Janney Montgomery Scott LLC’s holdings in TotalEnergies were worth $9,998,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTE. Goldman Sachs Group Inc. grew its holdings in TotalEnergies by 53.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock worth $209,112,000 after acquiring an additional 1,119,406 shares during the last quarter. Alyeska Investment Group L.P. grew its position in shares of TotalEnergies by 287.2% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,247,765 shares of the company’s stock worth $80,718,000 after buying an additional 925,541 shares during the period. Federated Hermes Inc. grew its position in TotalEnergies by 23.1% during the 1st quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock valued at $229,780,000 after purchasing an additional 665,620 shares during the last quarter. Natixis Advisors LLC grew its position in TotalEnergies by 17.3% during the 1st quarter. Natixis Advisors LLC now owns 2,160,096 shares of the company’s stock valued at $139,737,000 after purchasing an additional 318,225 shares during the last quarter. Finally, GW Henssler & Associates Ltd. purchased a new stake in TotalEnergies during the 1st quarter valued at about $20,580,000. 16.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on TTE. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. Scotiabank set a $65.00 price objective on shares of TotalEnergies and gave the company a “sector perform” rating in a report on Friday, July 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TotalEnergies in a report on Saturday, September 27th. Berenberg Bank lowered shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a report on Thursday, September 25th. Finally, Piper Sandler raised their price target on TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.45.

TotalEnergies Price Performance

Shares of TTE stock opened at $59.73 on Friday. The stock’s 50-day simple moving average is $61.45 and its 200-day simple moving average is $60.65. The firm has a market capitalization of $143.20 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 1.40 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $69.79. 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) last issued its earnings results on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The firm had revenue of $44.68 billion during the quarter, compared to analysts’ expectations of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. As a group, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

About TotalEnergies

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.