Aviso Financial Inc. Purchases 4,476 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• Aviso Financial Inc. increased its holdings in TotalEnergies SE by 10.5% in the first quarter, owning 47,154 shares valued at approximately $3.05 million.
• Bank of America Corp DE significantly raised its stake in TotalEnergies by 121.1%, now holding over 7.6 million shares valued at about $416.8 million.
• TotalEnergies reported a miss on earnings with an EPS of $1.57, falling short of the $1.62 consensus, while generating revenues of $44.68 billion for the quarter.

Aviso Financial Inc. increased its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 10.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,154 shares of the company's stock after purchasing an additional 4,476 shares during the quarter. Aviso Financial Inc.'s holdings in TotalEnergies were worth $3,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Bank of America Corp DE raised its stake in TotalEnergies by 121.1% in the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock worth $416,828,000 after buying an additional 4,189,652 shares in the last quarter. Federated Hermes Inc. lifted its stake in TotalEnergies by 23.1% during the 1st quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company's stock valued at $229,780,000 after acquiring an additional 665,620 shares during the period. Northern Trust Corp lifted its stake in TotalEnergies by 41.7% during the 4th quarter. Northern Trust Corp now owns 1,783,017 shares of the company's stock valued at $97,174,000 after acquiring an additional 524,314 shares during the period. BNP Paribas Financial Markets lifted its stake in TotalEnergies by 295.3% during the 4th quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company's stock valued at $37,577,000 after acquiring an additional 515,088 shares during the period. Finally, Natixis Advisors LLC raised its stake in shares of TotalEnergies by 17.3% in the first quarter. Natixis Advisors LLC now owns 2,160,096 shares of the company's stock worth $139,737,000 after buying an additional 318,225 shares during the period. 16.53% of the stock is owned by institutional investors.

TotalEnergies Price Performance

Shares of TTE stock traded up $0.6850 during trading hours 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. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $70.50. 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's 50-day moving average price is $61.67 and its two-hundred day moving average price is $60.49. The stock has a market capitalization of $151.07 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.07 and a beta of 0.59.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly 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 net margin of 6.20% and a return on equity of 13.59%. The business had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. Equities analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

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

Analyst Upgrades and Downgrades

TTE has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective on TotalEnergies from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Monday. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective for the company in a research note on Monday, May 12th. Finally, Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Three investment 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.