Alyeska Investment Group L.P. Buys 925,541 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• Alyeska Investment Group L.P. significantly increased its holdings in TotalEnergies SE by 287.2% during Q1, now owning about 1.25 million shares valued at approximately $80.7 million.
• Several analysts have a positive outlook for TotalEnergies, with multiple upgrades to "buy" ratings and an average target price of $66.95.
• TotalEnergies recently announced a dividend payout with a yield of 454.0%, despite cutting its dividend payout ratio to 53.72%.

Alyeska Investment Group L.P. raised its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 287.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,247,765 shares of the company's stock after purchasing an additional 925,541 shares during the quarter. Alyeska Investment Group L.P. owned 0.05% of TotalEnergies worth $80,718,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Aprio Wealth Management LLC lifted its holdings in shares of TotalEnergies by 95.5% in the first quarter. Aprio Wealth Management LLC now owns 8,498 shares of the company's stock valued at $550,000 after purchasing an additional 4,151 shares in the last quarter. GW Henssler & Associates Ltd. purchased a new stake in shares of TotalEnergies in the first quarter valued at $20,580,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of TotalEnergies in the first quarter valued at $208,000. Flputnam Investment Management Co. lifted its holdings in shares of TotalEnergies by 6.3% in the first quarter. Flputnam Investment Management Co. now owns 76,883 shares of the company's stock valued at $4,974,000 after purchasing an additional 4,579 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of TotalEnergies by 6.4% in the first quarter. Royal Bank of Canada now owns 3,104,000 shares of the company's stock valued at $200,797,000 after purchasing an additional 186,562 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Down 0.9%

NYSE:TTE traded down $0.55 during trading hours on Friday, reaching $60.99. The company's stock had a trading volume of 1,570,467 shares, compared to its average volume of 1,218,954. The company has a market cap of $146.24 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 1.05 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $69.81. The business's 50-day moving average is $61.73 and its 200-day moving average is $60.65. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.62 by ($0.05). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%.The business had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. Equities research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were issued a dividend of $0.7108 per share. This represents a yield of 454.0%. The ex-dividend date was Wednesday, June 18th. TotalEnergies's dividend payout ratio is 53.72%.

Wall Street Analyst Weigh In

TTE has been the subject of a number of research analyst reports. Piper Sandler increased their target price on TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Monday, August 18th. Scotiabank set a $65.00 price target on shares of TotalEnergies and gave the stock a "sector perform" rating in a research note on Friday, July 11th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target on the stock in a research note on Monday, May 12th. Finally, Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $66.95.

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.