Altrius Capital Management Inc Raises Position in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Altrius Capital Management Inc grew its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 138,014 shares of the company's stock after purchasing an additional 5,461 shares during the period. TotalEnergies makes up about 2.2% of Altrius Capital Management Inc's portfolio, making the stock its 6th biggest position. Altrius Capital Management Inc's holdings in TotalEnergies were worth $8,928,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. First Horizon Advisors Inc. increased its stake in shares of TotalEnergies by 9.1% in the 4th quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company's stock valued at $121,000 after purchasing an additional 184 shares during the last quarter. J2 Capital Management Inc boosted its holdings in shares of TotalEnergies by 3.3% during the 1st quarter. J2 Capital Management Inc now owns 5,954 shares of the company's stock valued at $385,000 after acquiring an additional 191 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after acquiring an additional 192 shares in the last quarter. Ipswich Investment Management Co. Inc. boosted its holdings in shares of TotalEnergies by 0.9% during the 1st quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company's stock valued at $1,483,000 after acquiring an additional 200 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of TotalEnergies by 5.4% during the 1st quarter. UMB Bank n.a. now owns 3,936 shares of the company's stock valued at $255,000 after acquiring an additional 201 shares in the last quarter. Institutional investors own 16.53% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TTE. Scotiabank cut their price objective on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Morgan Stanley raised 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. Piper Sandler raised their price objective on TotalEnergies from $62.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. HSBC reissued 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 equities research analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.36.

TotalEnergies Stock Up 1.0%

Shares of NYSE:TTE opened at $62.64 on Friday. The company has a market capitalization of $150.18 billion, a price-to-earnings ratio of 10.54, a P/E/G ratio of 1.30 and a beta of 0.56. 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 business's 50-day moving average is $59.31 and its 200-day moving average is $59.04. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $71.03.

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). TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. The firm had revenue of $47.90 billion during the quarter, compared to the consensus estimate of $41.23 billion. During the same period in the previous year, the firm earned $2.14 earnings per share. Equities research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, July 11th. Investors of record on Thursday, June 19th will be given a $0.7108 dividend. This represents a yield of 4.54%. The ex-dividend date is Wednesday, June 18th. 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.

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