Allspring Global Investments Holdings LLC Has $20.65 Million Holdings in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Allspring Global Investments Holdings LLC increased its stake in TotalEnergies SE by 32.0% in Q2, now holding 333,540 shares valued at approximately $20.65 million.
• TotalEnergies reported $1.57 earnings per share for the latest quarter, missing analysts' estimates by $0.05, although revenue exceeded expectations at $44.68 billion.
• Analysts have a consensus rating of "Moderate Buy" for TotalEnergies, with an average target price of $64.95, despite some downgrades from various brokerages.

Allspring Global Investments Holdings LLC grew its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 32.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 333,540 shares of the company's stock after acquiring an additional 80,887 shares during the period. Allspring Global Investments Holdings LLC's holdings in TotalEnergies were worth $20,649,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. HighTower Advisors LLC grew its holdings in shares of TotalEnergies by 2.5% in the 1st quarter. HighTower Advisors LLC now owns 768,826 shares of the company's stock valued at $49,735,000 after acquiring an additional 19,043 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of TotalEnergies in the 1st quarter valued at about $280,000. Leo Wealth LLC grew its holdings in shares of TotalEnergies by 106.7% in the 1st quarter. Leo Wealth LLC now owns 20,931 shares of the company's stock valued at $1,354,000 after acquiring an additional 10,805 shares in the last quarter. Banco Santander S.A. grew its holdings in shares of TotalEnergies by 26.1% in the 1st quarter. Banco Santander S.A. now owns 66,888 shares of the company's stock valued at $4,327,000 after acquiring an additional 13,850 shares in the last quarter. Finally, U S Global Investors Inc. grew its holdings in shares of TotalEnergies by 275.0% in the 2nd quarter. U S Global Investors Inc. now owns 15,000 shares of the company's stock valued at $921,000 after acquiring an additional 11,000 shares in the last quarter. Institutional investors own 16.53% of the company's stock.

TotalEnergies Trading Down 0.1%

Shares of TTE stock opened at $60.40 on Friday. The firm has a 50 day moving average price of $61.25 and a two-hundred day moving average price of $60.35. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $144.82 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 1.41 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $65.76.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). The company had revenue of $44.68 billion for the quarter, compared to analyst estimates of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. As a group, analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on TTE. Weiss Ratings restated a "hold (c)" rating on shares of TotalEnergies in a report on Wednesday, October 8th. BNP Paribas cut TotalEnergies from an "outperform" rating to a "hold" rating in a report on Tuesday, September 23rd. Scotiabank lifted their price target on TotalEnergies from $65.00 to $67.00 and gave the stock a "sector perform" rating in a report on Thursday, October 9th. Piper Sandler lifted their price target on TotalEnergies from $66.00 to $68.00 and gave the stock a "neutral" rating in a report on Monday, August 18th. Finally, BNP Paribas Exane reiterated a "neutral" rating on shares of TotalEnergies in a report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $64.95.

TotalEnergies Company 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.

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