Assetmark Inc. Purchases 17,499 Shares of TotalEnergies SE Sponsored ADR $TTE

Assetmark Inc. grew its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 9.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 203,990 shares of the company’s stock after purchasing an additional 17,499 shares during the quarter. Assetmark Inc.’s holdings in TotalEnergies were worth $12,523,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in TotalEnergies by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company’s stock worth $278,366,000 after acquiring an additional 169,435 shares during the last quarter. 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 worth $229,780,000 after acquiring an additional 665,620 shares during the last quarter. Goldman Sachs Group Inc. grew its position in TotalEnergies by 53.0% during 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. Raymond James Financial Inc. grew its position in TotalEnergies by 9.9% during the 1st quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company’s stock worth $203,566,000 after acquiring an additional 283,595 shares during the last quarter. Finally, Royal Bank of Canada grew its position in TotalEnergies by 6.4% during the 1st quarter. Royal Bank of Canada now owns 3,104,000 shares of the company’s stock worth $200,797,000 after acquiring an additional 186,562 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TTE shares. Scotiabank raised their price target on TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “hold (c)” rating on shares of TotalEnergies in a research report on Wednesday, October 8th. Berenberg Bank lowered TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a research report on Thursday, September 25th. Piper Sandler restated a “neutral” rating and set a $69.00 price target on shares of TotalEnergies in a research report on Monday, October 20th. Finally, BNP Paribas lowered TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $65.20.

TotalEnergies Price Performance

Shares of TTE stock opened at $62.31 on Friday. The firm has a market cap of $149.40 billion, a P/E ratio of 11.31, a P/E/G ratio of 1.50 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 $65.76. The business’s 50 day moving average price is $61.20 and its 200-day moving average price is $60.72. 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 quarterly earnings data on Thursday, October 30th. The company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.04). The business had revenue of $43.84 billion during the quarter, compared to the consensus estimate of $43.66 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. On average, equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Profile

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.