Baird Financial Group Inc. Boosts Stock Position in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Baird Financial Group Inc. acquired an additional 26,336 shares of TotalEnergies SE, increasing its holding by 46.8% to a total of 82,636 shares valued at approximately $5.35 million.
• TotalEnergies reported a miss on earnings for the quarter, with $1.57 per share compared to the consensus estimate of $1.62, while their revenue surpassed expectations at $44.68 billion.
• The company declared a dividend yielding 454.0%, which was recently paid out, highlighting a payout ratio of 53.72%.

Baird Financial Group Inc. lifted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 46.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,636 shares of the company's stock after acquiring an additional 26,336 shares during the period. Baird Financial Group Inc.'s holdings in TotalEnergies were worth $5,346,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TTE. Dimensional Fund Advisors LP boosted its stake in TotalEnergies by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 373,728 shares of the company's stock worth $20,368,000 after buying an additional 20,734 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in TotalEnergies by 295.3% in the 4th quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company's stock worth $37,577,000 after buying an additional 515,088 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in TotalEnergies by 13.9% in the 4th quarter. Benjamin Edwards Inc. now owns 35,198 shares of the company's stock worth $1,919,000 after buying an additional 4,308 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in TotalEnergies in the 4th quarter worth about $590,000. Finally, Captrust Financial Advisors lifted its stake in shares of TotalEnergies by 15.2% in the 4th quarter. Captrust Financial Advisors now owns 58,419 shares of the company's stock valued at $3,184,000 after purchasing an additional 7,702 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Up 0.2%

Shares of NYSE:TTE traded up $0.12 during mid-day trading on Wednesday, hitting $61.68. 152,585 shares of the company traded hands, compared to its average volume of 1,643,108. The firm has a market cap of $147.88 billion, a P/E ratio of 11.19, a PEG ratio of 1.05 and a beta of 0.59. 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 SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $69.81. The firm's 50 day simple moving average is $61.72 and its 200 day simple moving average is $60.65.

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 the consensus estimate of $1.62 by ($0.05). The company had revenue of $44.68 billion for the quarter, compared to analysts' expectations of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. On average, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TTE shares. Scotiabank set a $65.00 price objective on TotalEnergies and gave the company a "sector perform" rating in a research note on Friday, July 11th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Piper Sandler lifted their price objective on TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Monday, August 18th. Finally, HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.