Janney Montgomery Scott LLC Sells 16,195 Shares of TotalEnergies SE Sponsored ADR $TTE

Janney Montgomery Scott LLC lessened its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 9.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 162,298 shares of the company’s stock after selling 16,195 shares during the quarter. Janney Montgomery Scott LLC’s holdings in TotalEnergies were worth $14,766,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. acquired a new position in shares of TotalEnergies in the fourth quarter valued at $5,337,330,000. Capital International Investors increased its holdings in TotalEnergies by 1,438.5% in the 4th 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 during the period. Massachusetts Financial Services Co. MA increased its holdings in TotalEnergies by 21,398.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after buying an additional 40,192,677 shares during the period. Caisse Des Depots ET Consignations acquired a new position in shares of TotalEnergies in the 4th quarter valued at $1,982,676,000. Finally, Norges Bank acquired a new position in shares of TotalEnergies in the 4th quarter valued at $1,917,626,000. 16.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TTE has been the topic of several recent research reports. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Finally, Scotiabank upped their price objective on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Stock Down 3.5%

Shares of NYSE TTE opened at $75.02 on Thursday. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The business has a fifty day moving average of $87.45 and a two-hundred day moving average of $80.46. The stock has a market cap of $179.87 billion, a PE ratio of 11.11, a PEG ratio of 2.60 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. The business had revenue of $49.52 billion for 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%. As a group, equities research analysts expect that TotalEnergies SE Sponsored ADR will post 11.23 earnings per share for the current fiscal year.

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.