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

Callan Capital LLC raised its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 56.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund 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 reporting period.

A number of other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in shares of TotalEnergies by 8.0% during the 1st 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. Concurrent Investment Advisors LLC grew its holdings in TotalEnergies by 43.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 6,623 shares of the company's stock valued at $428,000 after buying an additional 2,008 shares during the last quarter. HM Payson & Co. increased its position in TotalEnergies by 64.3% during the first quarter. HM Payson & Co. now owns 5,686 shares of the company's stock worth $368,000 after buying an additional 2,226 shares in the last quarter. Bank of New York Mellon Corp increased its position in TotalEnergies by 5.7% during the first quarter. Bank of New York Mellon Corp now owns 640,291 shares of the company's stock worth $41,420,000 after buying an additional 34,683 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of TotalEnergies in the first quarter worth $8,078,000. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Trading Down 3.6%

Shares of TTE traded down $2.24 during mid-day trading on Monday, reaching $60.48. The company had a trading volume of 1,805,062 shares, compared to its average volume of 1,664,154. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $70.64. The firm has a fifty day simple moving average of $60.01 and a 200-day simple moving average of $59.49. The stock has a market cap of $145.01 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 1.25 and a beta of 0.57. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38.

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

TotalEnergies Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, July 11th. Stockholders of record on Thursday, June 19th will be issued a dividend of $0.7108 per share. This represents a dividend yield of 4.54%. The ex-dividend date of this dividend is Wednesday, June 18th. TotalEnergies's payout ratio is currently 57.24%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TTE. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Scotiabank decreased their target price on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Finally, Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.