Ritholtz Wealth Management Cuts Stock Position in TotalEnergies SE Sponsored ADR $TTE

Ritholtz Wealth Management lessened its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 14.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,916 shares of the company’s stock after selling 8,263 shares during the period. Ritholtz Wealth Management’s holdings in TotalEnergies were worth $4,359,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Aberdeen Group plc raised its holdings in TotalEnergies by 14.5% in the fourth quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock worth $25,124,000 after buying an additional 48,640 shares during the last quarter. ABN AMRO Bank N.V. purchased a new stake in shares of TotalEnergies during the fourth quarter valued at approximately $122,831,000. Assetmark Inc. increased its position in shares of 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 acquiring an additional 18,480 shares in the last quarter. Vanguard Group Inc. bought a new stake in shares of TotalEnergies during the fourth quarter valued at approximately $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in TotalEnergies in the 4th quarter worth approximately $830,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Down 0.4%

TotalEnergies stock opened at $78.39 on Friday. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The stock has a fifty day moving average of $88.36 and a 200 day moving average of $80.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The stock has a market cap of $187.95 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 2.67 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.23. The business had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. As a group, sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Scotiabank increased their price objective on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Piper Sandler lifted their price objective on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

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.