TotalEnergies SE Sponsored ADR $TTE Stock Holdings Reduced by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 9.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,298 shares of the company’s stock after selling 16,195 shares during the period. Janney Montgomery Scott LLC’s holdings in TotalEnergies were worth $14,766,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MGO One Seven LLC grew its stake in shares of TotalEnergies by 1.3% in the 4th quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock valued at $681,000 after buying an additional 137 shares in the last quarter. Clear Creek Financial Management LLC raised its position in TotalEnergies by 2.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock valued at $414,000 after acquiring an additional 150 shares in the last quarter. Bruce G. Allen Investments LLC lifted its stake in TotalEnergies by 4.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 4,091 shares of the company’s stock valued at $268,000 after acquiring an additional 172 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in TotalEnergies by 2.2% in the second quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company’s stock valued at $495,000 after acquiring an additional 175 shares during the last quarter. Finally, OLD National Bancorp IN grew its position in TotalEnergies by 2.5% in the fourth quarter. OLD National Bancorp IN now owns 7,189 shares of the company’s stock worth $470,000 after acquiring an additional 176 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Down 3.5%

Shares of TotalEnergies stock opened at $75.02 on Thursday. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. The company’s fifty day simple moving average is $87.45 and its 200-day simple moving average is $80.46. The company has a market cap of $179.87 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 2.60 and a beta of 0.14. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm had revenue of $49.52 billion during 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%. As a group, sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 11.23 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. CICC Research initiated coverage on TotalEnergies in a report on Tuesday, June 23rd. They set an “outperform” rating on the stock. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, Piper Sandler upped their price target on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and an average 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.