Arkadios Wealth Advisors Grows Position in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Key Points

• Arkadios Wealth Advisors has significantly increased its stake in TotalEnergies SE, acquiring an additional 8,172 shares, leading to an 83.2% increase in holdings during the first quarter.
• TotalEnergies recently reported earnings per share of $1.57, which fell short of analysts' expectations, alongside a revenue of $44.68 billion, surpassing consensus estimates.
• Dividend payments were recent, with a distribution of $0.7108 per share, representing a yield of 454.0%, although the firm has indicated a potential cut to dividends in the near future.

Arkadios Wealth Advisors boosted its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 83.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,000 shares of the company's stock after buying an additional 8,172 shares during the period. Arkadios Wealth Advisors' holdings in TotalEnergies were worth $1,164,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TTE. Financial Management Professionals Inc. increased its stake in 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 acquiring an additional 192 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in TotalEnergies in the fourth quarter worth $32,000. Inlight Wealth Management LLC bought a new stake in TotalEnergies in the 1st quarter worth $32,000. Arlington Trust Co LLC bought a new stake in TotalEnergies in the 1st quarter worth $39,000. Finally, General Partner Inc. bought a new stake in TotalEnergies in the 1st quarter worth $65,000. Institutional investors own 16.53% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Scotiabank set a $65.00 price objective on shares of TotalEnergies and gave the stock a "sector perform" rating in a report on Friday, July 11th. Morgan Stanley upgraded shares of 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. HSBC restated a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Finally, BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $66.45.

TotalEnergies Stock Down 0.2%

Shares of TTE stock traded down $0.09 during mid-day trading on Wednesday, reaching $60.19. 924,902 shares of the company's stock traded hands, compared to its average volume of 1,709,433. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $70.50. The company has a market cap of $144.31 billion, a P/E ratio of 10.91, a P/E/G ratio of 1.03 and a beta of 0.59. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The company's 50-day moving average price is $61.25 and its 200-day moving average price is $60.28.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.05). The company had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. On average, equities analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal 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 given a dividend of $0.7108 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a dividend yield of 454.0%. TotalEnergies's dividend payout ratio (DPR) is 53.72%.

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.