Callan Family Office LLC Cuts Holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Key Points

• Callan Family Office LLC reduced its stake in TotalEnergies SE by 25.6%, ending the quarter with a holding valued at $1.74 million.
• Several institutional investors have recently increased their positions in TotalEnergies, including Financial Management Professionals Inc. and SouthState Corp, which boosted holdings by 65.8% and 126.1% respectively in the 1st quarter.
• TotalEnergies has received multiple analyst upgrades, with Dbs Bank and Morgan Stanley specifically raising their ratings from "hold" to "buy" and "equal weight" to "overweight", indicating positive market sentiment.

Callan Family Office LLC trimmed its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 25.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,943 shares of the company's stock after selling 9,290 shares during the period. Callan Family Office LLC's holdings in TotalEnergies were worth $1,743,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sowell Financial Services LLC purchased a new stake in shares of TotalEnergies in the 1st quarter worth $280,000. Leo Wealth LLC boosted its holdings in TotalEnergies by 106.7% in the 1st quarter. Leo Wealth LLC now owns 20,931 shares of the company's stock worth $1,354,000 after buying an additional 10,805 shares during the period. Banco Santander S.A. boosted its holdings in TotalEnergies by 26.1% in the 1st quarter. Banco Santander S.A. now owns 66,888 shares of the company's stock worth $4,327,000 after buying an additional 13,850 shares during the period. Royal Bank of Canada boosted its holdings in TotalEnergies by 10.0% in the 4th 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 period. Finally, Dimensional Fund Advisors LP boosted its holdings in TotalEnergies by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 373,728 shares of the company's stock worth $20,368,000 after buying an additional 20,734 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

Shares of NYSE TTE traded up $0.72 during midday trading on Friday, reaching $62.24. The company had a trading volume of 1,284,112 shares, compared to its average volume of 1,505,618. The business's 50-day simple moving average is $61.59 and its 200 day simple moving average is $60.43. The stock has a market cap of $149.23 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.08 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $70.50. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its 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 return on equity of 13.59% and a net margin of 6.20%. The business had revenue of $44.68 billion for the quarter, compared to analysts' expectations of $42.44 billion. On average, analysts forecast 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 issued a dividend of $0.7108 per share. This represents a dividend yield of 454.0%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's dividend payout ratio (DPR) is 61.71%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TTE. Scotiabank set a $65.00 target price on shares of TotalEnergies and gave the stock a "sector perform" rating in a report on Friday, July 11th. Piper Sandler dropped their target price on shares of TotalEnergies from $68.00 to $66.00 and set a "neutral" rating for the company in a report on Friday, July 18th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Finally, Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective on the stock in a research report on Monday, May 12th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.45.

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.