Brooklyn Investment Group Buys 7,814 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• The Brooklyn Investment Group increased its stake in TotalEnergies SE by 307.8%, acquiring an additional 7,814 shares and reaching a total of 10,353 shares, valued at approximately $670,000.
• TotalEnergies recently reported earnings per share of $1.57 for the last quarter, which fell short of analysts' expectations of $1.62, despite achieving revenues of $44.68 billion.
• The company has faced a recent stock decline of 1.0% and has a current market cap of $147.77 billion, with a twelve-month high of $70.50.

Brooklyn Investment Group raised its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 307.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,353 shares of the company's stock after buying an additional 7,814 shares during the period. Brooklyn Investment Group's holdings in TotalEnergies were worth $670,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. 17 Capital Partners LLC bought a new position in TotalEnergies during the first quarter valued at about $669,000. Seven Mile Advisory raised its holdings in TotalEnergies by 5.7% during the first quarter. Seven Mile Advisory now owns 4,224 shares of the company's stock valued at $273,000 after buying an additional 229 shares in the last quarter. Cambiar Investors LLC raised its holdings in TotalEnergies by 27.0% during the first quarter. Cambiar Investors LLC now owns 233,532 shares of the company's stock valued at $15,107,000 after buying an additional 49,678 shares in the last quarter. Raymond James Financial Inc. raised its holdings in TotalEnergies by 9.9% during the first quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company's stock valued at $203,566,000 after buying an additional 283,595 shares in the last quarter. Finally, Tocqueville Asset Management L.P. raised its holdings in TotalEnergies by 81.3% during the first quarter. Tocqueville Asset Management L.P. now owns 53,890 shares of the company's stock valued at $3,486,000 after buying an additional 24,170 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Down 1.0%

TTE stock opened at $61.63 on Tuesday. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $70.50. The company has a market cap of $147.77 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.08 and a beta of 0.59. The business's 50-day simple moving average is $61.63 and its 200 day simple moving average is $60.46. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share 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 analyst estimates of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. On average, research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The business 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. This represents a yield of 454.0%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's payout ratio is presently 53.72%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TTE. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective on the stock in a research note on Monday, May 12th. Piper Sandler reiterated a "neutral" rating and issued a $68.00 price objective (up from $66.00) on shares of TotalEnergies in a research note on Monday. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Scotiabank set a $65.00 price objective on TotalEnergies and gave the stock a "sector perform" rating in a research note on Friday, July 11th. Finally, HSBC reiterated a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $66.95.

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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