Cambridge Investment Research Advisors Inc. decreased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 9.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,899 shares of the company's stock after selling 5,801 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in TotalEnergies were worth $3,487,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in TTE. Financial Management Professionals Inc. boosted its stake 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 purchasing an additional 192 shares during the period. Inlight Wealth Management LLC purchased a new position in TotalEnergies in the 1st quarter valued at approximately $32,000. Bernard Wealth Management Corp. acquired a new position in shares of TotalEnergies in the fourth quarter worth $32,000. Opal Wealth Advisors LLC acquired a new position in shares of TotalEnergies in the first quarter worth $65,000. Finally, General Partner Inc. purchased a new stake in shares of TotalEnergies during the first quarter worth $65,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.
TotalEnergies Stock Down 0.2%
Shares of NYSE:TTE opened at $61.46 on Monday. The firm has a 50 day simple moving average of $59.66 and a 200-day simple moving average of $59.21. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $71.03. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $147.37 billion, a PE ratio of 10.35, a P/E/G ratio of 1.29 and a beta of 0.56.
TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. The firm had revenue of $47.90 billion for the quarter, compared to analysts' expectations of $41.23 billion. During the same quarter in the prior year, the business earned $2.14 EPS. On average, equities analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.
TotalEnergies Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, July 11th. Stockholders of record on Thursday, June 19th will be issued a $0.7108 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a dividend yield of 4.54%. TotalEnergies's payout ratio is 47.81%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on TTE. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Scotiabank cut 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 note on Friday, April 11th. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Morgan Stanley upgraded shares of 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. Finally, Piper Sandler increased their price objective on shares of TotalEnergies from $62.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Four research 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $69.36.
Read Our Latest Stock Report on TTE
About TotalEnergies
(
Free Report)
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.
Read More
Want to see what other hedge funds are holding TTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider TotalEnergies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TotalEnergies wasn't on the list.
While TotalEnergies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
