Arkadios Wealth Advisors Boosts Holdings 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 stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 83.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,000 shares of the company's stock after acquiring an additional 8,172 shares during the period. Arkadios Wealth Advisors' holdings in TotalEnergies were worth $1,164,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TTE. Thrivent Financial for Lutherans lifted its position in TotalEnergies by 139.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,862 shares of the company's stock worth $452,000 after buying an additional 4,579 shares during the last quarter. Summit Financial LLC purchased a new stake in TotalEnergies in the fourth quarter worth about $307,000. Massachusetts Financial Services Co. MA lifted its position in shares of TotalEnergies by 3.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 138,235 shares of the company's stock worth $7,534,000 after purchasing an additional 4,588 shares during the period. Cinctive Capital Management LP bought a new stake in TotalEnergies during the 4th quarter valued at $736,000. Finally, World Investment Advisors boosted its position in TotalEnergies by 90.1% during the fourth quarter. World Investment Advisors now owns 8,664 shares of the company's stock valued at $474,000 after purchasing an additional 4,106 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target on the stock in a research report on Monday, May 12th. 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 target on TotalEnergies and gave the stock a "sector perform" rating in a report on Friday, July 11th. Finally, HSBC reiterated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $66.45.

TotalEnergies Price Performance

Shares of NYSE:TTE traded down $0.41 during midday trading on Friday, hitting $59.14. The company had a trading volume of 1,644,439 shares, compared to its average volume of 1,466,412. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. The business's 50-day simple moving average is $61.18 and its 200-day simple moving average is $60.28. The stock has a market cap of $141.80 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 1.03 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $70.50.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $44.68 billion for the quarter, compared to analyst estimates of $42.44 billion. On average, 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 declared a dividend, which was paid on Friday, July 11th. Shareholders 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 was Wednesday, June 18th. TotalEnergies's dividend payout ratio is 53.72%.

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.