Assetmark Inc. Grows Position in TotalEnergies SE Sponsored ADR $TTE

Assetmark Inc. increased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 9.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 203,990 shares of the company’s stock after purchasing an additional 17,499 shares during the quarter. Assetmark Inc.’s holdings in TotalEnergies were worth $12,523,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC lifted its stake in shares of TotalEnergies by 2.5% in the 1st quarter. HighTower Advisors LLC now owns 768,826 shares of the company’s stock valued at $49,735,000 after purchasing an additional 19,043 shares during the period. Leo Wealth LLC raised its stake in TotalEnergies by 106.7% during the first quarter. Leo Wealth LLC now owns 20,931 shares of the company’s stock valued at $1,354,000 after buying an additional 10,805 shares during the last quarter. U S Global Investors Inc. raised its stake in TotalEnergies by 275.0% during the second quarter. U S Global Investors Inc. now owns 15,000 shares of the company’s stock valued at $921,000 after buying an additional 11,000 shares during the last quarter. Banco Santander S.A. raised its stake in TotalEnergies by 26.1% during the first quarter. Banco Santander S.A. now owns 66,888 shares of the company’s stock valued at $4,327,000 after buying an additional 13,850 shares during the last quarter. Finally, Fred Alger Management LLC raised its stake in TotalEnergies by 8.1% during the first quarter. Fred Alger Management LLC now owns 80,432 shares of the company’s stock valued at $5,260,000 after buying an additional 6,044 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 1.1%

TotalEnergies stock opened at $62.31 on Friday. The firm has a market cap of $149.40 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 1.50 and a beta of 0.53. The stock has a fifty day simple moving average of $61.20 and a two-hundred day simple moving average of $60.72. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $65.76. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40.

TotalEnergies (NYSE:TTE) last posted its earnings results on Thursday, October 30th. The company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.04). The business had revenue of $43.84 billion during the quarter, compared to the consensus estimate of $43.66 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. Equities analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. Scotiabank lifted their price objective on TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. Piper Sandler reiterated a “neutral” rating and set a $69.00 price objective on shares of TotalEnergies in a research note on Monday, October 20th. Finally, BNP Paribas Exane reiterated a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.20.

TotalEnergies Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.