Avantax Advisory Services Inc. raised its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 30.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,716 shares of the company's stock after acquiring an additional 15,352 shares during the quarter. Avantax Advisory Services Inc.'s holdings in TotalEnergies were worth $4,251,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of the business. Bank of America Corp DE grew its position in TotalEnergies by 121.1% in the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock valued at $416,828,000 after acquiring an additional 4,189,652 shares during the last quarter. Franklin Resources Inc. grew its position in TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after acquiring an additional 1,672,387 shares during the last quarter. Royal Bank of Canada grew its position in TotalEnergies by 10.0% in the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock valued at $159,000,000 after acquiring an additional 265,251 shares during the last quarter. Federated Hermes Inc. grew its position in TotalEnergies by 19.5% in the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock valued at $157,309,000 after acquiring an additional 471,291 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in TotalEnergies by 8.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,859,047 shares of the company's stock valued at $184,952,000 after acquiring an additional 210,566 shares during the last quarter. Institutional investors own 16.53% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on the company. Scotiabank set a $65.00 price objective on TotalEnergies and gave the company a "sector perform" rating in a research report on Friday, July 11th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Finally, Piper Sandler dropped their price target on TotalEnergies from $68.00 to $66.00 and set a "neutral" rating on the stock in a research report on Friday, July 18th. Four research 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $66.45.
View Our Latest Stock Report on TotalEnergies
TotalEnergies Stock Down 0.8%
TTE stock traded down $0.50 during trading on Friday, reaching $59.05. 676,449 shares of the company traded hands, compared to its average volume of 1,713,086. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $70.50. The business has a 50 day simple moving average of $61.16 and a 200 day simple moving average of $60.25. The company has a market capitalization of $141.58 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 1.04 and a beta of 0.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00.
TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share 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 the consensus estimate of $42.44 billion. On average, equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.
TotalEnergies Cuts Dividend
The business also recently disclosed 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 yield of 454.0%. TotalEnergies's dividend payout ratio (DPR) is presently 61.71%.
About TotalEnergies
(
Free Report)
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.
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