Alyeska Investment Group L.P. Has $80.72 Million Stake in 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. grew its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 287.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,247,765 shares of the company's stock after purchasing an additional 925,541 shares during the period. Alyeska Investment Group L.P. owned about 0.05% of TotalEnergies worth $80,718,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TTE. Bank of America Corp DE boosted its stake in TotalEnergies by 121.1% in the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock worth $416,828,000 after purchasing an additional 4,189,652 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of TotalEnergies by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company's stock valued at $278,366,000 after buying an additional 169,435 shares during the period. Federated Hermes Inc. raised its holdings in shares of TotalEnergies by 23.1% during the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company's stock worth $229,780,000 after acquiring an additional 665,620 shares during the period. Raymond James Financial Inc. raised its holdings in shares of TotalEnergies by 9.9% during the first quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company's stock worth $203,566,000 after acquiring an additional 283,595 shares during the period. Finally, Royal Bank of Canada boosted its holdings in TotalEnergies by 6.4% during the first quarter. Royal Bank of Canada now owns 3,104,000 shares of the company's stock worth $200,797,000 after purchasing an additional 186,562 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Price Performance

TTE traded down $0.14 on Monday, reaching $60.81. The stock had a trading volume of 290,262 shares, compared to its average volume of 1,653,162. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $69.81. The firm has a 50-day moving average of $61.73 and a 200-day moving average of $60.64. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $145.80 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 1.04 and a beta of 0.59.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $1.62 by ($0.05). The company had revenue of $44.68 billion during the quarter, compared to analyst estimates of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. As a group, sell-side analysts anticipate 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. Investors of record on Thursday, June 19th were paid a dividend of $0.7108 per share. This represents a yield of 454.0%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's dividend payout ratio is 53.72%.

Wall Street Analyst Weigh In

Several research firms have commented on TTE. HSBC reiterated a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Piper Sandler upped their price objective on shares of 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 target price on shares of TotalEnergies and gave the company a "sector perform" rating in a research report on Friday, July 11th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Finally, Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price on the stock in a report on Monday, May 12th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, TotalEnergies presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.95.

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.