228,916 Shares in TotalEnergies SE Sponsored ADR (NYSE:TTE) Bought by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers acquired a new position in TotalEnergies by purchasing 228,916 shares valued at approximately $14.8 million in the first quarter.
• TotalEnergies' stock recently saw a decline of 2.7%, trading at $59.80, while the company has a market capitalization of $143.38 billion and a PE ratio of 10.85.
• The company announced a recent dividend of $0.7108 per share, which represents a yield of 4.54%, but has faced analyst downgrades following an earnings miss.

Cetera Investment Advisers acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 228,916 shares of the company's stock, valued at approximately $14,809,000.

Several other large investors also recently made changes to their positions in TTE. Thrivent Financial for Lutherans grew its position in shares of TotalEnergies by 139.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 7,862 shares of the company's stock worth $452,000 after buying an additional 4,579 shares in the last quarter. Blair William & Co. IL grew its holdings in TotalEnergies by 5.4% during the 4th quarter. Blair William & Co. IL now owns 70,456 shares of the company's stock worth $3,840,000 after acquiring an additional 3,592 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in shares of TotalEnergies by 4.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 55,940 shares of the company's stock worth $3,049,000 after purchasing an additional 2,166 shares during the last quarter. Summit Financial LLC acquired a new stake in shares of TotalEnergies in the 4th quarter valued at about $307,000. Finally, Franklin Resources Inc. lifted its position in shares of TotalEnergies by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock worth $309,851,000 after purchasing an additional 1,672,387 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TTE shares. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective on the stock in a research note on Monday, May 12th. HSBC reissued a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Scotiabank set a $65.00 target price on TotalEnergies and gave the company a "sector perform" rating in a report on Friday, July 11th. Finally, Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Four equities research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $66.45.

TotalEnergies Price Performance

Shares of NYSE TTE traded down $0.41 during mid-day trading on Friday, reaching $59.14. 1,644,439 shares of the company traded hands, compared to its average volume of 1,384,183. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $70.50. The firm has a market cap of $141.80 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.04 and a beta of 0.59. The stock has a fifty day simple moving average of $61.18 and a 200-day simple moving average of $60.26. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.05). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. The firm had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. Equities research analysts anticipate 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 was paid on Friday, July 11th. Investors of record on Thursday, June 19th were issued a $0.7108 dividend. This represents a dividend yield of 454.0%. The ex-dividend date was Wednesday, June 18th. TotalEnergies's payout ratio is presently 53.72%.

TotalEnergies 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.