Cerity Partners LLC increased its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 8.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,392 shares of the company's stock after buying 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 institutional investors and hedge funds have also made changes to their positions in the business. Bank of America Corp DE lifted its holdings in 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 in the last quarter. Franklin Resources Inc. lifted its holdings in TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after purchasing an additional 1,672,387 shares in the last quarter. Royal Bank of Canada lifted 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 valued at $159,000,000 after purchasing an additional 265,251 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of TotalEnergies by 19.5% during the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock worth $157,309,000 after acquiring an additional 471,291 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings 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 acquiring an additional 210,566 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on TTE shares. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price for the company in a research report on Monday, May 12th. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Finally, 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 research report on Friday. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, TotalEnergies currently has an average rating of "Moderate Buy" and an average target price of $70.56.
Read Our Latest Analysis on TotalEnergies
TotalEnergies Stock Down 0.5%
NYSE:TTE traded down $0.30 during trading hours on Friday, hitting $61.44. The stock had a trading volume of 536,568 shares, compared to its average volume of 1,663,905. The company has a market cap of $147.31 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.24 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. The business has a 50 day simple moving average of $60.77 and a two-hundred day simple moving average of $59.90. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year 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 the consensus estimate of $1.88 by ($0.05). The business had revenue of $47.90 billion for the quarter, compared to analysts' expectations of $41.23 billion. TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. During the same quarter last year, the company posted $2.14 earnings per share. Analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.
TotalEnergies Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, June 19th were paid a dividend of $0.7108 per share. This represents a dividend yield of 4.54%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's dividend payout ratio (DPR) is currently 49.83%.
TotalEnergies Profile
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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.
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