TotalEnergies SE Sponsored ADR (NYSE:TTE) Shares Purchased by Altrius Capital Management Inc

Altrius Capital Management Inc increased its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 4.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 138,014 shares of the company's stock after buying an additional 5,461 shares during the quarter. TotalEnergies comprises 2.2% of Altrius Capital Management Inc's holdings, making the stock its 6th largest position. Altrius Capital Management Inc's holdings in TotalEnergies were worth $8,928,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of TotalEnergies by 121.1% during the 4th 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 during the period. Franklin Resources Inc. grew its holdings in shares of TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after purchasing an additional 1,672,387 shares during the period. Royal Bank of Canada increased its position in TotalEnergies by 10.0% during the fourth quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock worth $159,000,000 after purchasing an additional 265,251 shares during the last quarter. Federated Hermes Inc. raised its stake in TotalEnergies by 19.5% during the fourth 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 during the period. Finally, Raymond James Financial Inc. purchased a new position in TotalEnergies during the fourth quarter worth about $156,044,000. Institutional investors and hedge funds own 16.53% of the company's stock.

Analysts Set New Price Targets

TTE has been the subject of several analyst reports. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Scotiabank lowered 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. Finally, HSBC restated a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $69.36.

TotalEnergies Trading Up 1.0%

Shares of TTE stock traded up $0.60 on Wednesday, hitting $61.00. The stock had a trading volume of 1,839,443 shares, compared to its average volume of 1,661,066. The company's 50 day moving average price is $59.48 and its 200-day moving average price is $59.10. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $71.03. 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 firm has a market capitalization of $146.26 billion, a P/E ratio of 8.11, a P/E/G ratio of 1.25 and a beta of 0.56.

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

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 11th. Shareholders of record on Thursday, June 19th will be given a $0.7108 dividend. The ex-dividend date is Wednesday, June 18th. This represents a yield of 4.54%. TotalEnergies's dividend payout ratio is presently 47.81%.

About TotalEnergies

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.