Assetmark Inc. Raises Stake in TotalEnergies SE Sponsored ADR $TTE

Assetmark Inc. increased its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTEFree Report) by 10.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 271,143 shares of the company’s stock after buying an additional 24,668 shares during the quarter. Assetmark Inc.’s holdings in TotalEnergies were worth $24,669,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. YANKCOM Partnership lifted its stake in TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after acquiring an additional 232 shares during the period. MH & Associates Securities Management Corp ADV acquired a new stake in shares of TotalEnergies in the fourth quarter worth $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of TotalEnergies in the fourth quarter worth $32,000. Elyxium Wealth LLC purchased a new position in shares of TotalEnergies during the fourth quarter worth $33,000. Finally, SHP Wealth Management purchased a new position in shares of TotalEnergies during the fourth quarter worth $37,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Zacks Research lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Finally, CICC Research assumed coverage on TotalEnergies in a research note on Tuesday, June 23rd. They issued an “outperform” rating on the stock. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

Get Our Latest Analysis on TTE

TotalEnergies Trading Up 3.2%

Shares of TTE stock opened at $81.37 on Friday. TotalEnergies SE Sponsored ADR has a 1-year low of $57.39 and a 1-year high of $94.17. The company has a market cap of $195.11 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 2.90 and a beta of 0.14. 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 has a 50 day simple moving average of $84.71 and a 200-day simple moving average of $81.48.

TotalEnergies (NYSE:TTEGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. On average, equities research analysts expect that TotalEnergies SE Sponsored ADR will post 10.56 EPS for the current fiscal year.

TotalEnergies Company Profile

(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.

Further Reading

Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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