Allspring Global Investments Holdings LLC Has $16.29 Million Holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Allspring Global Investments Holdings LLC decreased its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 28.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 252,653 shares of the company's stock after selling 101,000 shares during the period. Allspring Global Investments Holdings LLC's holdings in TotalEnergies were worth $16,294,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TTE. Financial Management Professionals Inc. increased its position in shares of TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after purchasing an additional 192 shares in the last quarter. Inlight Wealth Management LLC bought a new stake in TotalEnergies during the first quarter worth about $32,000. Bernard Wealth Management Corp. acquired a new stake in shares of TotalEnergies during the fourth quarter worth approximately $32,000. Opal Wealth Advisors LLC bought a new position in shares of TotalEnergies in the first quarter valued at approximately $65,000. Finally, General Partner Inc. bought a new position in shares of TotalEnergies in the first quarter valued at approximately $65,000. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TTE has been the subject of a number of recent analyst reports. Scotiabank dropped their price target on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. HSBC restated a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Piper Sandler lifted their price target on TotalEnergies from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Wednesday. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective on the stock in a report on Monday, May 12th. Finally, BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.96.

TotalEnergies Trading Down 0.6%

TTE traded down $0.38 during trading on Thursday, reaching $63.11. 1,315,049 shares of the company's stock were exchanged, compared to its average volume of 1,658,978. The company's fifty day moving average price is $59.87 and its 200-day moving average price is $59.29. 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 firm has a market capitalization of $151.32 billion, a PE ratio of 10.62, a P/E/G ratio of 1.24 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 $71.03.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share 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 analyst estimates of $41.23 billion. During the same quarter last year, the business posted $2.14 earnings per share. As a group, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 11th. Shareholders 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 yield of 4.54%. TotalEnergies's payout ratio is 47.81%.

TotalEnergies 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.