Ascent Group LLC Invests $772,000 in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Ascent Group LLC has invested $772,000 in TotalEnergies SE, acquiring 11,933 shares of the company during the 1st quarter.
• Several analysts have adjusted their ratings for TotalEnergies, with a current consensus rating of "Moderate Buy" and a price target of $66.95.
• TotalEnergies recently reported its quarterly earnings, missing EPS estimates but exceeding revenue expectations, with a net margin of 6.20%.

Ascent Group LLC acquired a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,933 shares of the company's stock, valued at approximately $772,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. lifted its position 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 purchasing an additional 192 shares during the period. Inlight Wealth Management LLC acquired a new stake in TotalEnergies in the first quarter valued at about $32,000. Costello Asset Management INC acquired a new stake in TotalEnergies in the first quarter valued at about $32,000. SouthState Corp lifted its position in TotalEnergies by 126.1% in the first quarter. SouthState Corp now owns 572 shares of the company's stock valued at $37,000 after purchasing an additional 319 shares during the period. Finally, Bernard Wealth Management Corp. acquired a new stake in TotalEnergies in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Price Performance

Shares of TTE stock traded down $0.23 during midday trading on Friday, reaching $61.17. 1,998,493 shares of the company traded hands, compared to its average volume of 1,169,457. The firm's 50 day simple moving average is $61.62 and its two-hundred day simple moving average is $60.67. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $69.81. 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 firm has a market cap of $146.67 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.05 and a beta of 0.59.

TotalEnergies (NYSE:TTE - Get Free Report) last posted 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 net margin of 6.20% and a return on equity of 13.59%. The company had revenue of $44.68 billion for the quarter, compared to analyst estimates of $42.44 billion. On average, equities research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, June 19th were paid a dividend of $0.7108 per share. This represents a dividend yield of 454.0%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's dividend payout ratio (DPR) is 53.72%.

Analyst Upgrades and Downgrades

TTE has been the subject of a number of recent analyst reports. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Piper Sandler raised their price objective on shares of TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Monday, August 18th. Finally, Scotiabank set a $65.00 price target on shares of TotalEnergies and gave the company a "sector perform" rating in a research report on Friday, July 11th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company 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.