9,642 Shares in TotalEnergies SE Sponsored ADR (NYSE:TTE) Purchased by Code Waechter LLC

Code Waechter LLC purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,642 shares of the company's stock, valued at approximately $624,000.

Several other hedge funds have also recently added to or reduced their stakes in TTE. Parr Mcknight Wealth Management Group LLC increased its stake in shares of TotalEnergies by 14.1% in the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 22,892 shares of the company's stock valued at $1,481,000 after acquiring an additional 2,826 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of TotalEnergies by 13.1% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 7,320 shares of the company's stock valued at $474,000 after acquiring an additional 850 shares during the period. Valeo Financial Advisors LLC lifted its position in shares of TotalEnergies by 4.6% during the 1st quarter. Valeo Financial Advisors LLC now owns 9,855 shares of the company's stock valued at $638,000 after acquiring an additional 433 shares during the period. May Hill Capital LLC acquired a new position in shares of TotalEnergies during the 1st quarter valued at $301,000. Finally, Beverly Hills Private Wealth LLC lifted its position in shares of TotalEnergies by 2.4% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 15,186 shares of the company's stock valued at $982,000 after acquiring an additional 357 shares during the period. Institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Down 0.0%

Shares of NYSE TTE traded down $0.02 during trading on Thursday, hitting $62.54. The stock had a trading volume of 970,651 shares, compared to its average volume of 1,665,422. 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 current ratio of 1.07 and a quick ratio of 0.86. The company has a market capitalization of $149.96 billion, a PE ratio of 8.40, a PEG ratio of 1.25 and a beta of 0.57. The firm has a fifty day moving average of $60.20 and a two-hundred day moving average of $59.58.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. The firm had revenue of $47.90 billion during the quarter, compared to the consensus estimate of $41.23 billion. During the same quarter in the previous year, the company earned $2.14 EPS. As a group, equities research analysts forecast 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 will be paid on Friday, July 11th. Stockholders of record on Thursday, June 19th will be paid a $0.7108 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a dividend yield of 4.54%. TotalEnergies's payout ratio is 49.83%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Finally, Scotiabank decreased their price target on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, TotalEnergies currently 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.