TotalEnergies SE Sponsored ADR (NYSE:TTE) Shares Acquired by Callan Capital LLC

Callan Capital LLC grew its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 56.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,014 shares of the company's stock after purchasing an additional 7,974 shares during the period. Callan Capital LLC's holdings in TotalEnergies were worth $1,424,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TTE. Bank of America Corp DE boosted its stake in shares of TotalEnergies by 121.1% in the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock worth $416,828,000 after buying an additional 4,189,652 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock worth $309,851,000 after buying an additional 1,672,387 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of TotalEnergies by 10.0% in the fourth quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock worth $159,000,000 after buying an additional 265,251 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of TotalEnergies by 19.5% in the fourth quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock worth $157,309,000 after buying an additional 471,291 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in TotalEnergies by 8.0% during the first quarter. Envestnet Asset Management Inc. now owns 2,859,047 shares of the company's stock worth $184,952,000 after purchasing an additional 210,566 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Price Performance

Shares of NYSE:TTE traded up $1.38 during midday trading on Tuesday, hitting $61.80. The company had a trading volume of 282,293 shares, compared to its average volume of 1,658,863. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $70.64. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.86. The stock has a market cap of $148.17 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 1.25 and a beta of 0.57. The business's 50-day simple moving average is $60.02 and its 200-day simple moving average is $59.54.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). The business had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. During the same period last year, the business earned $2.14 EPS. On average, research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 11th. Shareholders of record on Thursday, June 19th will be paid a dividend of $0.7108 per share. The ex-dividend date is Wednesday, June 18th. This represents a yield of 4.54%. TotalEnergies's dividend payout ratio (DPR) is 47.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TTE. Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Piper Sandler increased their price target on TotalEnergies from $65.00 to $68.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Finally, Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $69.96.

TotalEnergies Company Profile

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.