Code Waechter LLC Purchases Shares of 9,642 TotalEnergies SE Sponsored ADR (NYSE:TTE)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTE. Bank of America Corp DE raised its position in TotalEnergies by 121.1% in the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock worth $416,828,000 after acquiring an additional 4,189,652 shares in the last quarter. Franklin Resources Inc. increased its stake in TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock worth $309,851,000 after purchasing an additional 1,672,387 shares in the last quarter. Northern Trust Corp increased its stake in TotalEnergies by 41.7% in the 4th quarter. Northern Trust Corp now owns 1,783,017 shares of the company's stock worth $97,174,000 after purchasing an additional 524,314 shares in the last quarter. BNP Paribas Financial Markets increased its stake in TotalEnergies by 295.3% in the 4th quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company's stock worth $37,577,000 after purchasing an additional 515,088 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in TotalEnergies by 19.5% in the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock worth $157,309,000 after purchasing an additional 471,291 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Performance

Shares of TTE stock traded up $0.39 during trading hours on Friday, reaching $63.00. 1,148,843 shares of the company's stock were exchanged, compared to its average volume of 1,667,468. The business has a fifty day moving average price of $60.40 and a 200-day moving average price of $59.69. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $151.05 billion, a P/E ratio of 10.61, a P/E/G ratio of 1.25 and a beta of 0.57. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $70.50.

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

TotalEnergies Cuts Dividend

The company also recently announced 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 dividend yield of 4.54%. TotalEnergies's payout ratio is 49.83%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price on the stock in a report on Monday, May 12th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Scotiabank lowered their price target on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Finally, BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $69.96.

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.