Bleakley Financial Group LLC boosted its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 16.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,777 shares of the company's stock after buying an additional 8,651 shares during the period. Bleakley Financial Group LLC's holdings in TotalEnergies were worth $3,932,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in TotalEnergies by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 137,580 shares of the company's stock valued at $7,498,000 after acquiring an additional 942 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in TotalEnergies by 13.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,632 shares of the company's stock valued at $198,000 after purchasing an additional 424 shares during the period. Farther Finance Advisors LLC grew its position in shares of TotalEnergies by 29.5% during the 4th quarter. Farther Finance Advisors LLC now owns 4,476 shares of the company's stock valued at $244,000 after purchasing an additional 1,020 shares in the last quarter. one8zero8 LLC bought a new position in shares of TotalEnergies in the fourth quarter worth $425,000. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of TotalEnergies by 19.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 89,134 shares of the company's stock worth $4,858,000 after purchasing an additional 14,295 shares during the period. Institutional investors own 16.53% of the company's stock.
TotalEnergies Price Performance
NYSE TTE traded down $0.19 on Wednesday, reaching $61.90. 1,646,779 shares of the company's stock traded hands, compared to its average volume of 1,668,394. The stock has a market cap of $148.40 billion, a PE ratio of 10.42, a P/E/G ratio of 1.24 and a beta of 0.57. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $70.50. The stock has a 50-day simple moving average of $60.68 and a 200 day simple moving average of $59.85. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.86.
TotalEnergies (NYSE:TTE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The business had revenue of $47.90 billion during the quarter, compared to analysts' expectations of $41.23 billion. TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. During the same quarter in the previous year, the business earned $2.14 EPS. As a group, research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.
TotalEnergies Cuts Dividend
The business also recently announced a dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, June 19th were paid a $0.7108 dividend. This represents a dividend yield of 4.54%. The ex-dividend date was Wednesday, June 18th. TotalEnergies's dividend payout ratio (DPR) is presently 49.83%.
Wall Street Analysts Forecast Growth
TTE has been the subject of several research analyst reports. Piper Sandler lifted their price objective on TotalEnergies from $65.00 to $68.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Scotiabank set a $65.00 price objective on TotalEnergies and gave the stock a "sector perform" rating in a report on Friday, July 11th. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Finally, HSBC reiterated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $70.96.
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About TotalEnergies
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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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