Commonwealth Equity Services LLC Has $4.14 Million Holdings in TotalEnergies SE Sponsored ADR $TTE

Commonwealth Equity Services LLC lessened its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Aberdeen Group plc boosted its stake in shares of TotalEnergies by 14.5% during the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock worth $25,124,000 after acquiring an additional 48,640 shares in the last quarter. ABN AMRO Bank N.V. acquired a new position in TotalEnergies during the fourth quarter valued at approximately $122,831,000. Assetmark Inc. grew its holdings in TotalEnergies by 8.1% during the fourth quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock valued at $16,124,000 after purchasing an additional 18,480 shares during the last quarter. Vanguard Group Inc. acquired a new position in TotalEnergies during the fourth quarter valued at approximately $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in TotalEnergies during the fourth quarter valued at approximately $830,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of TotalEnergies stock opened at $88.53 on Monday. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The company has a market cap of $212.27 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 3.01 and a beta of 0.12. The firm has a fifty day moving average price of $90.47 and a two-hundred day moving average price of $78.33. 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 (NYSE:TTE) last released its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The business had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. Analysts expect that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TTE. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Wall Street Zen downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Finally, Freedom Capital cut TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, February 13th. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.33.

About TotalEnergies

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.