New York State Common Retirement Fund Buys Shares of 22,229 TotalEnergies SE Sponsored ADR (NYSE:TTE)

New York State Common Retirement Fund bought a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 22,229 shares of the company's stock, valued at approximately $1,438,000.

A number of other institutional investors also recently modified their holdings of TTE. Financial Management Professionals Inc. raised its position in shares of TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after purchasing an additional 192 shares during the period. Bernard Wealth Management Corp. bought a new position in TotalEnergies in the 4th quarter valued at $32,000. Inlight Wealth Management LLC bought a new position in TotalEnergies in the 1st quarter valued at $32,000. Arlington Trust Co LLC bought a new position in TotalEnergies in the 1st quarter valued at $39,000. Finally, General Partner Inc. bought a new position in TotalEnergies in the 1st quarter valued at $65,000. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TTE shares. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective for the company in a research note on Monday, May 12th. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Piper Sandler lowered their price target on TotalEnergies from $68.00 to $66.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. Finally, Scotiabank set a $65.00 price target on TotalEnergies and gave the company a "sector perform" rating in a report on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $66.45.

TotalEnergies Trading Up 0.0%

TTE stock traded up $0.01 during midday trading on Friday, reaching $60.45. 1,734,709 shares of the company traded hands, compared to its average volume of 1,307,759. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $70.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.07. The business has a 50 day moving average of $61.04 and a 200-day moving average of $60.15. The firm has a market capitalization of $144.95 billion, a price-to-earnings ratio of 10.97, a P/E/G ratio of 1.21 and a beta of 0.57.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.62 by ($0.05). The company had revenue of $44.68 billion for the quarter, compared to analysts' expectations of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.57%. As a group, sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently disclosed 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. The ex-dividend date was Wednesday, June 18th. This represents a yield of 4.54%. TotalEnergies's payout ratio is currently 49.83%.

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.