Banco Santander S.A. Increases Stock Position in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Key Points

• Banco Santander S.A. increased its holdings in TotalEnergies SE by 26.1% in the first quarter, owning 66,888 shares valued at approximately $4.33 million.
• Analysts have a consensus rating of “Moderate Buy” on TotalEnergies, with a target price averaging $66.45, reflecting positive expectations for the stock.
• TotalEnergies reported Q2 earnings of $1.57 per share, missing estimates, but its revenue of $44.68 billion exceeded expectations of $42.44 billion.

Banco Santander S.A. lifted its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 26.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,888 shares of the company's stock after buying an additional 13,850 shares during the quarter. Banco Santander S.A.'s holdings in TotalEnergies were worth $4,327,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Mayflower Financial Advisors LLC boosted its stake in shares of TotalEnergies by 1.2% in the first quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company's stock valued at $947,000 after buying an additional 176 shares in the last quarter. J2 Capital Management Inc boosted its position in shares of TotalEnergies by 3.3% during the 1st quarter. J2 Capital Management Inc now owns 5,954 shares of the company's stock worth $385,000 after purchasing an additional 191 shares in the last quarter. Financial Management Professionals Inc. boosted its position in shares of TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after purchasing an additional 192 shares in the last quarter. Ipswich Investment Management Co. Inc. boosted its holdings in TotalEnergies by 0.9% during the first quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company's stock worth $1,483,000 after buying an additional 200 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in TotalEnergies by 5.4% during the first quarter. UMB Bank n.a. now owns 3,936 shares of the company's stock worth $255,000 after buying an additional 201 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TTE has been the topic of a number of research analyst reports. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective on the stock in a report on Monday, May 12th. Scotiabank set a $65.00 price target on TotalEnergies and gave the stock a "sector perform" rating in a research note on Friday, July 11th. Piper Sandler decreased their target price on TotalEnergies from $68.00 to $66.00 and set a "neutral" rating on the stock in a research report on Friday, July 18th. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Finally, BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $66.45.

TotalEnergies Price Performance

TTE stock opened at $59.14 on Friday. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $70.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The stock's 50 day moving average price is $61.18 and its 200 day moving average price is $60.27. The firm has a market cap of $141.80 billion, a P/E ratio of 10.73, a PEG ratio of 1.03 and a beta of 0.59.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $42.44 billion. On average, sell-side analysts expect 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. Shareholders of record on Thursday, June 19th were issued a $0.7108 dividend. This represents a yield of 454.0%. The ex-dividend date was Wednesday, June 18th. TotalEnergies's dividend payout ratio is 53.72%.

About TotalEnergies

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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