Boston Partners decreased its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 75.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,247 shares of the company's stock after selling 25,790 shares during the period. Boston Partners' holdings in TotalEnergies were worth $534,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in TTE. Mayflower Financial Advisors LLC increased its stake in TotalEnergies by 1.2% in the 1st quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company's stock valued at $947,000 after purchasing an additional 176 shares in the last quarter. J2 Capital Management Inc grew its holdings in TotalEnergies by 3.3% in the first quarter. J2 Capital Management Inc now owns 5,954 shares of the company's stock valued at $385,000 after purchasing an additional 191 shares during the last quarter. Financial Management Professionals Inc. increased its position in shares of TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after buying an additional 192 shares in the last quarter. Ipswich Investment Management Co. Inc. raised its stake in shares of TotalEnergies by 0.9% during the 1st 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 during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of TotalEnergies by 5.4% during the 1st quarter. UMB Bank n.a. now owns 3,936 shares of the company's stock worth $255,000 after buying an additional 201 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.
TotalEnergies Stock Up 1.1%
TotalEnergies stock traded up $0.6850 during midday trading on Wednesday, hitting $63.0050. 1,245,879 shares of the stock were exchanged, compared to its average volume of 1,536,016. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $70.50. The company has a 50 day moving average price of $61.65 and a two-hundred day moving average price of $60.48. The firm has a market cap of $151.07 billion, a P/E ratio of 8.85, a P/E/G ratio of 1.07 and a beta of 0.59.
TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results 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 analyst estimates of $42.44 billion. On average, sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.
TotalEnergies Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, July 11th. Investors 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 yield of 454.0%. TotalEnergies's dividend payout ratio is currently 53.72%.
Analysts Set New Price Targets
A number of research firms have issued reports on TTE. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Morgan Stanley upgraded shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price on the stock in a research report on Monday, May 12th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. 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. Finally, Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, TotalEnergies has a consensus rating of "Moderate Buy" and a consensus target price of $66.95.
View Our Latest Research Report on TotalEnergies
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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