Atria Wealth Solutions Inc. Decreases Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Atria Wealth Solutions Inc. has significantly cut its stake in TotalEnergies by 60.6%, now holding 4,946 shares valued at approximately $322,000.
• Institutional investors have been actively adjusting their positions in TotalEnergies, with Bank of America boosting its stake by 121.1%, now owning over 7.6 million shares.
• The company's recent earnings report revealed an EPS of $1.57, falling short of analysts' expectations, but its revenue of $44.68 billion exceeded projections.

Atria Wealth Solutions Inc. trimmed its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 60.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,946 shares of the company's stock after selling 7,612 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in TotalEnergies were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Costello Asset Management INC purchased a new position in TotalEnergies during the first quarter worth $32,000. Thoroughbred Financial Services LLC purchased a new stake in shares of TotalEnergies during the first quarter valued at $213,000. Argent Trust Co boosted its stake in shares of TotalEnergies by 7.2% during the first quarter. Argent Trust Co now owns 10,636 shares of the company's stock valued at $688,000 after purchasing an additional 712 shares during the period. Manchester Capital Management LLC boosted its stake in shares of TotalEnergies by 77.2% during the first quarter. Manchester Capital Management LLC now owns 2,670 shares of the company's stock valued at $173,000 after purchasing an additional 1,163 shares during the period. Finally, Liberty Wealth Management LLC purchased a new stake in shares of TotalEnergies during the first quarter valued at $1,110,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Scotiabank set a $65.00 target price on shares of TotalEnergies and gave the company a "sector perform" rating in a research note on Friday, July 11th. HSBC reissued a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Finally, Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price for the company in a research note on Monday, May 12th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, TotalEnergies presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.95.

TotalEnergies Stock Up 1.1%

Shares of TTE stock traded up $0.6850 on Wednesday, hitting $63.0050. The stock had a trading volume of 1,245,879 shares, compared to its average volume of 1,536,016. 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 business has a 50 day moving average price of $61.67 and a 200 day moving average price of $60.49. The company has a market cap of $151.07 billion, a PE ratio of 11.43, a P/E/G ratio of 1.07 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $70.50.

TotalEnergies (NYSE:TTE - Get Free Report) last announced 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). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%.The firm had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. Research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

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

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.