TotalEnergies SE Sponsored ADR $TTE Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG decreased its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 15.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,881 shares of the company’s stock after selling 11,509 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in TotalEnergies were worth $5,762,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TTE. Aberdeen Group plc increased its position in TotalEnergies by 14.5% in 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 during the period. ABN AMRO Bank N.V. acquired a new position in shares of TotalEnergies during the fourth quarter valued at $122,831,000. Assetmark Inc. boosted its holdings in shares of TotalEnergies by 8.1% during 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 during the period. Vanguard Group Inc. bought a new position in shares of TotalEnergies during the fourth quarter worth about $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of TotalEnergies during the fourth quarter worth about $830,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 3.3%

TotalEnergies stock opened at $81.09 on Tuesday. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The stock has a market cap of $194.42 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 2.79 and a beta of 0.14. The company’s 50-day moving average price is $85.49 and its two-hundred day moving average price is $81.18. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTE) last issued its quarterly 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 company had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. On average, analysts expect that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current fiscal year.

Analysts Set New Price Targets

TTE has been the topic of several recent research reports. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Wall Street Zen lowered shares of TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. TD Cowen restated a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Finally, Scotiabank lifted their price target on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. 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. Based on data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies 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.