Cerity Partners LLC Has $10.89 Million Holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Cerity Partners LLC raised its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 8.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,392 shares of the company's stock after purchasing an additional 12,735 shares during the period. Cerity Partners LLC's holdings in TotalEnergies were worth $10,894,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TTE. Bank of America Corp DE grew its stake in shares of TotalEnergies by 121.1% in the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock valued at $416,828,000 after purchasing an additional 4,189,652 shares during the period. Franklin Resources Inc. grew its position in TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after acquiring an additional 1,672,387 shares during the period. Northern Trust Corp grew its position in TotalEnergies by 41.7% in the fourth quarter. Northern Trust Corp now owns 1,783,017 shares of the company's stock valued at $97,174,000 after acquiring an additional 524,314 shares during the period. BNP Paribas Financial Markets raised its stake in TotalEnergies by 295.3% during the fourth quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company's stock worth $37,577,000 after acquiring an additional 515,088 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of TotalEnergies by 19.5% during the fourth quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock valued at $157,309,000 after acquiring an additional 471,291 shares during the period. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TTE shares. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research 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 set a $65.00 target price on shares of TotalEnergies and gave the company a "sector perform" rating in a research note on Friday. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective for the company in a research report on Monday, May 12th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $70.96.

TotalEnergies Trading Down 0.3%

NYSE:TTE traded down $0.18 on Tuesday, hitting $62.04. 1,070,603 shares of the stock were exchanged, compared to its average volume of 1,666,236. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.07. The stock has a market capitalization of $148.75 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 1.26 and a beta of 0.57. The company's 50-day moving average price is $60.50 and its 200 day moving average price is $59.82. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $70.50.

TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts' consensus estimates 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 in the prior year, the firm posted $2.14 EPS. On average, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, July 11th. Investors of record on Thursday, June 19th were given a $0.7108 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a dividend yield of 4.54%. TotalEnergies's dividend payout ratio is 49.83%.

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.