Allspring Global Investments Holdings LLC Acquires 42,133 Shares of TotalEnergies SE Sponsored ADR $TTE

Allspring Global Investments Holdings LLC boosted its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTEFree Report) by 8.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 564,005 shares of the company’s stock after buying an additional 42,133 shares during the period. Allspring Global Investments Holdings LLC’s holdings in TotalEnergies were worth $50,872,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TTE. MGO One Seven LLC lifted its position in shares of TotalEnergies by 1.3% in the fourth quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock worth $681,000 after buying an additional 137 shares during the last quarter. Clear Creek Financial Management LLC increased its holdings in shares of TotalEnergies by 2.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock valued at $414,000 after acquiring an additional 150 shares during the last quarter. World Investment Advisors raised its stake in shares of TotalEnergies by 2.0% in the 1st quarter. World Investment Advisors now owns 8,448 shares of the company’s stock valued at $771,000 after acquiring an additional 165 shares in the last quarter. Sigma Planning Corp lifted its holdings in TotalEnergies by 2.3% in the 1st quarter. Sigma Planning Corp now owns 7,577 shares of the company’s stock worth $690,000 after purchasing an additional 169 shares during the last quarter. Finally, Bruce G. Allen Investments LLC lifted its holdings in TotalEnergies by 4.4% in the 4th quarter. Bruce G. Allen Investments LLC now owns 4,091 shares of the company’s stock worth $268,000 after purchasing an additional 172 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Up 3.2%

TTE opened at $81.37 on Friday. The business has a 50 day moving average of $84.71 and a 200-day moving average of $81.48. The stock has a market capitalization of $195.11 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 2.90 and a beta of 0.14. 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 SE Sponsored ADR has a 1-year low of $57.39 and a 1-year high of $94.17.

TotalEnergies (NYSE:TTEGet Free Report) last released its earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The firm had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. As a group, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.56 earnings per share for the current year.

More TotalEnergies News

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Analysts Set New Price Targets

Several equities analysts have commented on the company. CICC Research began coverage on TotalEnergies in a report on Tuesday, June 23rd. They set an “outperform” rating on the stock. Zacks Research cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Finally, Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and an average price target of $84.33.

View Our Latest Stock Analysis on TTE

TotalEnergies Profile

(Free Report)

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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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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