TotalEnergies SE Sponsored ADR (NYSE:TTE) Stake Raised by Assetmark Inc.

Key Points

• Assetmark Inc. increased its holdings in TotalEnergies SE by 9.2% during the first quarter, bringing their total shares to 186,491, valued at approximately $12 million.
• Several other institutional investors also adjusted their positions in TotalEnergies, indicating strong interest, with a collective institutional ownership of 16.53% in the company.
• Analysts have mixed opinions on TotalEnergies, with recent changes in ratings and target prices; the consensus rating is a "Moderate Buy" with an average target price of $66.45.

Assetmark Inc. grew its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 9.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 186,491 shares of the company's stock after purchasing an additional 15,690 shares during the period. Assetmark Inc.'s holdings in TotalEnergies were worth $12,064,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTE. Thrivent Financial for Lutherans increased its position in TotalEnergies by 139.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 7,862 shares of the company's stock worth $452,000 after purchasing an additional 4,579 shares during the period. Blair William & Co. IL increased its position in TotalEnergies by 5.4% during the 4th quarter. Blair William & Co. IL now owns 70,456 shares of the company's stock worth $3,840,000 after purchasing an additional 3,592 shares during the period. Orion Portfolio Solutions LLC increased its position in TotalEnergies by 4.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 55,940 shares of the company's stock worth $3,049,000 after purchasing an additional 2,166 shares during the period. Transamerica Financial Advisors Inc. increased its position in TotalEnergies by 16.8% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 4,850 shares of the company's stock worth $265,000 after purchasing an additional 698 shares during the period. Finally, Summit Financial LLC acquired a new position in TotalEnergies during the 4th quarter worth approximately $307,000. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Trading Up 0.0%

TTE traded up $0.01 during trading on Friday, hitting $60.45. The company's stock had a trading volume of 1,734,709 shares, compared to its average volume of 1,317,045. The firm's 50 day moving average price is $61.04 and its 200-day moving average price is $60.19. 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 stock has a market cap of $144.95 billion, a PE ratio of 10.97, a PEG ratio of 1.22 and a beta of 0.57. 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 the consensus estimate 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 during the quarter, compared to analyst estimates of $42.44 billion. On average, analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were given a $0.7108 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a yield of 4.54%. TotalEnergies's payout ratio is currently 53.72%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Piper Sandler decreased their price target on TotalEnergies from $68.00 to $66.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. 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 note on Monday, May 12th. Finally, BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $66.45.

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.