BlackRock Amends TotalEnergies SE Stake, Signals Continued Confidence

Ticker: TTE · Form: SC 13G/A · Filed: 2024-02-02T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investment, amendment, energy

TL;DR

**BlackRock still owns a big chunk of TotalEnergies SE, good sign for the stock.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on February 2, 2024, disclosing its ownership in TotalEnergies SE as of December 31, 2023. This amendment, number 11, indicates BlackRock continues to hold a significant, though passive, stake in the French energy giant. This matters to investors because BlackRock is a major institutional investor, and its continued holding signals confidence in TotalEnergies SE's long-term prospects, potentially influencing other investors.

Why It Matters

BlackRock's consistent, large-scale investment in TotalEnergies SE can be seen as a vote of confidence, potentially stabilizing the stock and attracting other institutional interest.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in strategy.

Analyst Insight

Investors should note BlackRock's continued passive holding as a sign of stability, but this filing alone doesn't suggest a need for immediate action. It's a routine update from a large institutional investor.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a passive ownership stake.

Who is the filer of this SC 13G/A?

The filer of this SC 13G/A is BlackRock Inc., a major institutional investment manager.

Which company's shares are the subject of this filing?

The shares of TotalEnergies SE are the subject of this filing, identified by the SEDOL Number B15CVJ3.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.

What rule under the Securities Exchange Act of 1934 is this Schedule filed pursuant to?

This Schedule is filed pursuant to Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box [X].

From the Filing

0001086364-24-006201.txt : 20240202 0001086364-24-006201.hdr.sgml : 20240202 20240202141807 ACCESSION NUMBER: 0001086364-24-006201 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240202 DATE AS OF CHANGE: 20240202 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TotalEnergies SE CENTRAL INDEX KEY: 0000879764 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: I0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42418 FILM NUMBER: 24590272 BUSINESS ADDRESS: STREET 1: 2 PLACE JEAN MILLIER STREET 2: LA DEFENSE 6 CITY: COURBEVOIE STATE: I0 ZIP: 92400 BUSINESS PHONE: 33 (0)1 41 35 04 48 MAIL ADDRESS: STREET 1: 2 PLACE JEAN MILLIER STREET 2: ARCHE NORD COUPOLE/REGNAULT CITY: PARIS LA DEFENSE CEDEX STATE: I0 ZIP: 92078 FORMER COMPANY: FORMER CONFORMED NAME: TOTAL SE DATE OF NAME CHANGE: 20200717 FORMER COMPANY: FORMER CONFORMED NAME: TOTAL S.A. DATE OF NAME CHANGE: 20121204 FORMER COMPANY: FORMER CONFORMED NAME: TOTAL SA DATE OF NAME CHANGE: 20030508 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 fr0000120271_020224.txt fr0000120271_020224.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 11) TotalEnergies SE -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) B15CVJ3 -------------------------------------------------------- (SEDOL Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SEDOL No. B15CVJ3 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 144192502 (6) Shared voting power 0 (7) Sole dispositive power 157441537 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 157441537 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.5% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- TotalEnergies SE Item 1(b) Address of issuer's principal executive offices: ----------------

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