TotalEnergies SE Sponsored ADR $TTE Stock Holdings Lowered by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 327,927 shares of the company’s stock after selling 5,785 shares during the quarter. Maryland State Retirement & Pension System’s holdings in TotalEnergies were worth $28,129,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Robinswood Financial LLC bought a new stake in TotalEnergies in the first quarter worth $27,000. Pin Oak Investment Advisors Inc. purchased a new position in TotalEnergies during the second quarter worth $30,000. West Financial Advisors LLC purchased a new position in TotalEnergies during the third quarter worth $30,000. Cassaday & Co Wealth Management LLC purchased a new position in TotalEnergies during the first quarter worth $39,000. Finally, Heritage Family Offices LLP bought a new position in TotalEnergies during the third quarter valued at $40,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Up 0.0%

Shares of NYSE TTE opened at $87.88 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.89 and a current ratio of 1.11. The business’s 50 day moving average price is $89.74 and its 200-day moving average price is $85.96. TotalEnergies SE Sponsored ADR has a fifty-two week low of $62.15 and a fifty-two week high of $95.78. The company has a market cap of $210.72 billion, a price-to-earnings ratio of 8.78 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Friday, October 30th. The company reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.84 by $0.19. TotalEnergies had a return on equity of 19.08% and a net margin of 9.61%. The firm had revenue of $61.86 billion during the quarter, compared to analyst estimates of $55.39 billion. On average, sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 12.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a research report on Wednesday, September 23rd. Freedom Broker upgraded shares of TotalEnergies from a “sell” rating to a “hold” rating in a report on Tuesday, November 3rd. Piper Sandler lifted their price target on shares of TotalEnergies from $84.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. TD Cowen dropped their price target on shares of TotalEnergies from $108.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Finally, Morgan Stanley downgraded shares of TotalEnergies from an “overweight” rating to an “equal weight” rating and set a $90.00 price target on the stock. in a report on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.00.

TotalEnergies Profile

TotalEnergies SE is a France-based integrated energy company with operations spanning the oil and natural gas value chain. Its activities include exploring for and producing hydrocarbons, processing and refining them, and supplying energy products to customers. The company also markets natural gas, including liquefied natural gas, and operates in electricity generation and renewable energy. Its portfolio includes solar and wind power, as well as energy storage and related services. Founded in 1924 as Compagnie française des pétroles, the company has expanded and evolved through acquisitions and business changes.