Assetmark Inc. Purchases 18,480 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• Assetmark Inc. raised its position in TotalEnergies by 8.1%, buying 18,480 shares in Q4 to hold 246,475 shares valued at $16.124 million.
• Analyst sentiment is mixed with a MarketBeat consensus of "Hold" and an average price target of $77.54 (1 Strong Buy, 8 Buy, 7 Hold, 2 Sell), though several brokers including Morgan Stanley and JPMorgan have issued recent upgrades.
• TotalEnergies slightly beat quarterly EPS expectations ($1.73 vs. $1.72) and reported $45.93 billion in revenue; the stock opened at $90.72 (up 4.2%), trading above the consensus price target.

Assetmark Inc. lifted its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 8.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 246,475 shares of the company's stock after acquiring an additional 18,480 shares during the quarter. Assetmark Inc.'s holdings in TotalEnergies were worth $16,124,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in TotalEnergies by 42.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 476,369 shares of the company's stock worth $28,801,000 after acquiring an additional 142,829 shares during the last quarter. Sound Income Strategies LLC bought a new position in TotalEnergies during the 3rd quarter worth approximately $17,578,000. Aberdeen Group plc grew its position in TotalEnergies by 14.5% during the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company's stock worth $25,124,000 after acquiring an additional 48,640 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its position in TotalEnergies by 334.6% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 35,005 shares of the company's stock worth $2,089,000 after acquiring an additional 26,951 shares during the last quarter. Finally, Lesa Sroufe & Co bought a new stake in shares of TotalEnergies in the 3rd quarter worth approximately $2,719,000. Institutional investors own 16.53% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TTE. Morgan Stanley reiterated an "overweight" rating on shares of TotalEnergies in a research report on Tuesday, January 6th. Zacks Research upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 30th. JPMorgan Chase & Co. upgraded TotalEnergies from a "neutral" rating to an "overweight" rating in a research report on Monday, March 2nd. Piper Sandler lifted their price objective on TotalEnergies from $74.00 to $92.00 and gave the stock a "neutral" rating in a research report on Thursday, March 12th. Finally, Wall Street Zen upgraded TotalEnergies to a "hold" rating in a research report on Saturday, January 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $77.54.

TotalEnergies Stock Up 4.2%

Shares of NYSE:TTE opened at $90.72 on Friday. The stock has a fifty day simple moving average of $83.81 and a two-hundred day simple moving average of $71.26. The stock has a market capitalization of $217.52 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 3.72 and a beta of 0.13. TotalEnergies SE Sponsored ADR has a 12-month low of $56.31 and a 12-month high of $93.49. The company has a current ratio of 0.97, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.01. The business had revenue of $45.93 billion during the quarter, compared to analysts' expectations of $36.69 billion. TotalEnergies had a return on equity of 13.14% and a net margin of 6.52%. On average, research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

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.

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