Charles Schwab Investment Management Inc. increased its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 29.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,857 shares of the company's stock after buying an additional 40,277 shares during the period. Charles Schwab Investment Management Inc.'s holdings in TotalEnergies were worth $11,505,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Sowell Financial Services LLC bought a new position in TotalEnergies in the first quarter worth approximately $280,000. Leo Wealth LLC raised its stake in TotalEnergies by 106.7% in the first 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 in the last quarter. Banco Santander S.A. raised its stake in TotalEnergies by 26.1% in the first 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 in the last quarter. Royal Bank of Canada raised its stake in TotalEnergies by 10.0% in the fourth 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in TotalEnergies by 5.9% in the fourth 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 in the last quarter. Institutional investors own 16.53% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. HSBC reissued a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target on the stock in a research report on Monday, May 12th. Scotiabank set a $65.00 price target on TotalEnergies and gave the stock a "sector perform" rating in a research report on Friday, July 11th. Finally, Piper Sandler upped their price target on TotalEnergies from $66.00 to $68.00 and gave the stock a "neutral" rating in a research report on Monday, August 18th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $66.95.
Check Out Our Latest Analysis on TTE
TotalEnergies Stock Performance
Shares of TTE stock opened at $64.0850 on Monday. The business's fifty day simple moving average is $61.69 and its 200-day simple moving average is $60.57. The company has a market cap of $153.66 billion, a PE ratio of 11.63, a PEG ratio of 1.10 and a beta of 0.59. 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 SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $70.50.
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 analysts' consensus estimates of $1.62 by ($0.05). The firm had revenue of $44.68 billion during the quarter, compared to analysts' expectations of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. Analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.
TotalEnergies Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, July 11th. Investors of record on Thursday, June 19th were paid a $0.7108 dividend. The ex-dividend date was Wednesday, June 18th. This represents a yield of 454.0%. TotalEnergies's dividend payout ratio (DPR) is 53.72%.
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.
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