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

Summit Securities Group LLC grew its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 394.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 9,400 shares of the company’s stock after purchasing an additional 7,500 shares during the period. Summit Securities Group LLC’s holdings in TotalEnergies were worth $855,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. bought a new stake in shares of TotalEnergies during the 4th quarter worth $5,337,330,000. Capital International Investors boosted its stake in TotalEnergies by 1,438.5% in the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after buying an additional 49,245,192 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in TotalEnergies by 21,398.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after acquiring an additional 40,192,677 shares during the last quarter. Caisse Des Depots ET Consignations bought a new position in TotalEnergies in the fourth quarter valued at about $1,982,676,000. Finally, Norges Bank acquired a new position in TotalEnergies during the fourth quarter worth about $1,917,626,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Trading Down 0.8%

NYSE:TTE opened at $78.25 on Friday. The firm’s fifty day moving average is $86.00 and its 200-day moving average is $80.98. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The firm has a market cap of $187.61 billion, a P/E ratio of 11.59, a P/E/G ratio of 2.72 and a beta of 0.14.

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

Analyst Ratings Changes

A number of research analysts have recently commented on TTE shares. TD Cowen reissued a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. CICC Research assumed coverage on shares of TotalEnergies in a report on Tuesday, June 23rd. They set an “outperform” rating on the stock. Piper Sandler upped their price objective on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price 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.