Summit Securities Group LLC Has $855,000 Holdings in TotalEnergies SE Sponsored ADR $TTE

Summit Securities Group LLC raised its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 394.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,400 shares of the company’s stock after acquiring an additional 7,500 shares during the period. Summit Securities Group LLC’s holdings in TotalEnergies were worth $855,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Aberdeen Group plc lifted its holdings in shares of TotalEnergies by 14.5% during 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 in the last quarter. ABN AMRO Bank N.V. acquired a new position in shares of TotalEnergies in the fourth quarter valued at about $122,831,000. Assetmark Inc. grew its stake in shares of TotalEnergies by 8.1% in 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. acquired a new position in shares of TotalEnergies in the fourth quarter valued at about $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in TotalEnergies during the fourth quarter worth about $830,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Down 0.8%

TTE stock opened at $78.25 on Friday. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The business has a 50-day simple moving average of $86.00 and a 200 day simple moving average of $80.98. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The company has a market cap of $187.61 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 2.72 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The firm had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. Sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on TTE shares. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Scotiabank lifted their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Wall Street Zen cut TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, TotalEnergies has a consensus 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.