Code Waechter LLC Makes New Investment in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Code Waechter LLC purchased a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,642 shares of the company's stock, valued at approximately $624,000.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Scotiabank lowered their target price on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Finally, Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.96.

TotalEnergies Trading Up 0.6%

TTE traded up $0.39 during trading on Friday, reaching $63.00. The company had a trading volume of 1,148,843 shares, compared to its average volume of 1,670,736. The firm's 50-day simple moving average is $60.40 and its 200 day simple moving average is $59.77. The company has a market cap of $151.05 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.26 and a beta of 0.57. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month 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.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The company had revenue of $47.90 billion during the quarter, compared to analysts' expectations of $41.23 billion. TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. During the same period in the prior year, the business posted $2.14 EPS. Equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, July 11th. Investors of record on Thursday, June 19th were paid a $0.7108 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a yield of 4.54%. TotalEnergies's dividend 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.