17 Capital Partners LLC Buys Shares of 10,335 TotalEnergies SE Sponsored ADR $TTE

Key Points

• 17 Capital Partners LLC recently acquired a new stake in TotalEnergies SE, purchasing over 10,000 shares valued at approximately $669,000.
• Analysts have positive sentiments towards TotalEnergies, with four analysts rating it as a hold and seven as a buy, leading to an average rating of "Moderate Buy" with a consensus price target of $66.45.
• TotalEnergies reported earnings per share of $1.57 in its last quarter, which was below estimates, though its revenue exceeded expectations at $44.68 billion.

17 Capital Partners LLC acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,335 shares of the company's stock, valued at approximately $669,000.

Other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC grew its stake in TotalEnergies by 2.5% during the first quarter. HighTower Advisors LLC now owns 768,826 shares of the company's stock worth $49,735,000 after buying an additional 19,043 shares during the period. Sowell Financial Services LLC purchased a new stake in TotalEnergies during the first quarter worth approximately $280,000. Leo Wealth LLC grew its stake in TotalEnergies by 106.7% during the first quarter. Leo Wealth LLC now owns 20,931 shares of the company's stock worth $1,354,000 after buying an additional 10,805 shares during the period. Banco Santander S.A. grew 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 worth $4,327,000 after buying an additional 13,850 shares during the period. Finally, Royal Bank of Canada grew its stake in TotalEnergies by 10.0% during the fourth quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock worth $159,000,000 after buying an additional 265,251 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a "neutral" rating in a research report on Monday. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Finally, Scotiabank set a $65.00 price objective on TotalEnergies and gave the company a "sector perform" rating in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.95.

TotalEnergies Stock Up 1.1%

TTE traded up $0.6850 during trading on Wednesday, hitting $63.0050. The company had a trading volume of 1,245,879 shares, compared to its average volume of 1,691,478. The company has a market cap of $151.07 billion, a PE ratio of 11.43, a P/E/G ratio of 1.07 and a beta of 0.59. The business has a 50-day moving average of $61.65 and a 200-day moving average of $60.48. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $70.50.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). The company had revenue of $44.68 billion during the quarter, compared to analyst estimates of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. As a group, analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were issued a dividend of $0.7108 per share. This represents a dividend yield of 454.0%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's dividend payout ratio is 61.71%.

TotalEnergies Company 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.