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

Key Points

• Crossmark Global Holdings increased its TotalEnergies stake by 18% in the second quarter, acquiring 21,633 additional shares for a total position of 141,779 shares valued at approximately $11.03 million.
• Institutional investors and hedge funds own 16.53% of TotalEnergies, with major positions or new stakes reported by Amundi, Vanguard, Capital International Investors, Caisse des Dépôts et Consignations, and Norges Bank.
• Analysts maintain a “Moderate Buy” consensus, with 11 Buy, seven Hold, and one Sell rating and an average price target of $87.14; TotalEnergies recently reported quarterly EPS of $2.68 on $57.10 billion in revenue.

Crossmark Global Holdings Inc. raised its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 18.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 141,779 shares of the company's stock after buying an additional 21,633 shares during the period. Crossmark Global Holdings Inc.'s holdings in TotalEnergies were worth $11,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TTE. Amundi acquired a new position in shares of TotalEnergies in the first quarter worth approximately $18,868,822,000. Vanguard Group Inc. bought a new stake in TotalEnergies in the fourth quarter valued at approximately $5,337,330,000. Capital International Investors increased its position in TotalEnergies by 1,438.5% during the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company's stock valued at $3,435,988,000 after purchasing an additional 49,245,192 shares during the period. Caisse Des Depots ET Consignations acquired a new stake in TotalEnergies during the 4th quarter valued at approximately $1,982,676,000. Finally, Norges Bank bought a new position in TotalEnergies during the 4th quarter worth approximately $1,917,626,000. Institutional investors and hedge funds own 16.53% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TTE shares. Weiss Ratings upgraded shares of TotalEnergies from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 24th. Kepler Capital Markets upgraded shares of TotalEnergies from a "reduce" rating to a "hold" rating in a research report on Thursday, April 23rd. TD Cowen lifted their target price on shares of TotalEnergies from $102.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Scotiabank boosted their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the company a "sector perform" rating in a report on Wednesday, April 22nd. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $85.00 price target on shares of TotalEnergies in a research report on Thursday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $87.14.

TotalEnergies Stock Performance

NYSE:TTE opened at $87.61 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. TotalEnergies SE Sponsored ADR has a twelve month low of $57.39 and a twelve month high of $94.17. The company has a fifty day moving average of $82.98 and a 200-day moving average of $84.16. The firm has a market capitalization of $210.06 billion, a P/E ratio of 10.96, a P/E/G ratio of 3.10 and a beta of 0.14.

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