Crossmark Global Holdings Inc. Has $11.03 Million Stake in TotalEnergies SE Sponsored ADR $TTE

Crossmark Global Holdings Inc. boosted its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 18.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 141,779 shares of the company’s stock after purchasing an additional 21,633 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in TotalEnergies were worth $11,025,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. MGO One Seven LLC grew its holdings in shares of TotalEnergies by 1.3% during the fourth 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 during the last quarter. Fiduciary Financial Group LLC raised its holdings in shares of TotalEnergies by 5.9% in the 2nd quarter. Fiduciary Financial Group LLC now owns 2,767 shares of the company’s stock worth $215,000 after acquiring an additional 154 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in shares of TotalEnergies by 36.0% in the 2nd quarter. Financial Management Professionals Inc. now owns 589 shares of the company’s stock worth $46,000 after acquiring an additional 156 shares during the last quarter. World Investment Advisors lifted its position in TotalEnergies by 2.0% in the 1st quarter. World Investment Advisors now owns 8,448 shares of the company’s stock valued at $771,000 after acquiring an additional 165 shares in the last quarter. Finally, Planned Solutions Inc. lifted its position in TotalEnergies by 5.6% in the 2nd quarter. Planned Solutions Inc. now owns 3,162 shares of the company’s stock valued at $246,000 after acquiring an additional 168 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TTE opened at $87.61 on Thursday. The stock has a 50 day moving average of $82.98 and a 200 day moving average of $84.16. The company has a market capitalization of $210.06 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 3.10 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The business had revenue of $57.10 billion for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. As a group, sell-side analysts forecast that TotalEnergies SE Sponsored ADR will post 10.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. TD Cowen lifted their price target on TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Mizuho initiated coverage on TotalEnergies in a research report on Monday, July 20th. They set an “outperform” rating and a $103.00 target price on the stock. CICC Research started coverage on TotalEnergies in a research report on Tuesday, June 23rd. They issued an “outperform” rating for the company. Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Eleven 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.14.

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.