TotalEnergies SE Sponsored ADR $TTE Shares Acquired by Aprio Wealth Management LLC

Key Points

• Aprio Wealth Management LLC increased its stake in TotalEnergies SE by 95.5% during the first quarter, raising its total holdings to 8,498 shares valued at approximately $550,000.
• Various institutional investors have also recently acquired shares in TotalEnergies, with notable stakes from GW Henssler & Associates Ltd. of $20,580,000 and Flputnam Investment Management Co. increasing its position by 6.3%.
• TotalEnergies shares recently opened at $61.69, with the stock facing a decline of 1.4% and reporting earnings that missed analyst expectations, with earnings per share of $1.57.

Aprio Wealth Management LLC grew its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 95.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,498 shares of the company's stock after acquiring an additional 4,151 shares during the quarter. Aprio Wealth Management LLC's holdings in TotalEnergies were worth $550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TTE. Mayflower Financial Advisors LLC increased its holdings in shares of TotalEnergies by 1.2% in the first quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company's stock valued at $947,000 after purchasing an additional 176 shares during the period. Dorsey & Whitney Trust CO LLC increased its holdings in shares of TotalEnergies by 1.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 9,814 shares of the company's stock valued at $635,000 after purchasing an additional 185 shares during the period. J2 Capital Management Inc increased its holdings in shares of TotalEnergies by 3.3% in the first quarter. J2 Capital Management Inc now owns 5,954 shares of the company's stock valued at $385,000 after purchasing an additional 191 shares during the period. Financial Management Professionals Inc. increased its holdings in shares of TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after purchasing an additional 192 shares during the period. Finally, Ipswich Investment Management Co. Inc. increased its holdings in shares of TotalEnergies by 0.9% in the first quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company's stock valued at $1,483,000 after purchasing an additional 200 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

NYSE:TTE traded down $0.55 during trading hours on Friday, reaching $60.99. The company had a trading volume of 1,570,467 shares, compared to its average volume of 1,218,954. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $69.81. The firm has a market cap of $146.24 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 1.04 and a beta of 0.59. The business's 50 day moving average price is $61.73 and its 200-day moving average price 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 posted its earnings results on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.05). The business had revenue of $44.68 billion for 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%. Research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TTE shares. Piper Sandler increased their price objective on TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Monday, August 18th. HSBC reissued a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Scotiabank set a $65.00 price objective on TotalEnergies and gave the company a "sector perform" rating in a 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 price objective for the company in a report on Monday, May 12th. Three investment 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 company's stock. According to MarketBeat.com, the company presently has a consensus 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.