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

Several other large investors have also added to or reduced their stakes in the stock. Financial Management Professionals Inc. grew its stake in TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after acquiring an additional 192 shares in the last quarter. Inlight Wealth Management LLC bought a new position in TotalEnergies in the 1st quarter worth about $32,000. Bernard Wealth Management Corp. purchased a new stake in shares of TotalEnergies in the 4th quarter valued at about $32,000. Arlington Trust Co LLC bought a new position in shares of TotalEnergies in the first quarter worth approximately $39,000. Finally, Brentview Investment Management LLC bought a new stake in TotalEnergies during the first quarter valued at approximately $45,000. Institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Performance

Shares of TTE traded up $0.66 during midday trading on Thursday, hitting $60.86. 317,832 shares of the stock traded hands, compared to its average volume of 1,702,256. 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 1-year low of $52.78 and a 1-year high of $70.50. The business's 50 day moving average price is $61.29 and its two-hundred day moving average price is $60.28. The firm has a market capitalization of $145.92 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.05 and a beta of 0.59.

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

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were paid a dividend of $0.7108 per share. 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 53.72%.

Analyst Ratings Changes

TTE has been the topic of a number of research analyst reports. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Piper Sandler decreased their price target on shares of TotalEnergies from $68.00 to $66.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a research note on Monday, May 12th. Finally, HSBC reiterated a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.45.

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.