TotalEnergies SE Sponsored ADR (NYSE:TTE) Shares Bought by Citigroup Inc.

Key Points

• Citigroup Inc. increased its holdings in TotalEnergies SE by 44.1% during the 1st quarter, owning a total of 634,674 shares valued at approximately $41.06 million.
• TotalEnergies reported a $1.57 earnings per share for the last quarter, missing estimates of $1.62, although its revenue of $44.68 billion exceeded expectations.
• The company recently announced a dividend cut, with the last dividend paid being $0.7108, yielding 454% despite a payout ratio of 61.71%.

Citigroup Inc. raised its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 44.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 634,674 shares of the company's stock after purchasing an additional 194,325 shares during the quarter. Citigroup Inc.'s holdings in TotalEnergies were worth $41,057,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TTE. Financial Management Professionals Inc. raised its position in 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. Bernard Wealth Management Corp. purchased a new position in TotalEnergies in the fourth quarter valued at about $32,000. Inlight Wealth Management LLC purchased a new position in TotalEnergies in the first quarter valued at about $32,000. Costello Asset Management INC purchased a new position in TotalEnergies in the first quarter valued at about $32,000. Finally, Arlington Trust Co LLC purchased a new position in TotalEnergies in the first quarter valued at about $39,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Scotiabank set a $65.00 target price on TotalEnergies and gave the stock a "sector perform" rating in a research report on Friday, July 11th. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price on the stock in a research report on Monday, May 12th. Piper Sandler dropped their target price on TotalEnergies from $68.00 to $66.00 and set a "neutral" rating on the stock in a research report on Friday, July 18th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Finally, Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $66.45.

TotalEnergies Stock Up 1.1%

NYSE:TTE traded up $0.66 during mid-day trading on Tuesday, reaching $61.65. The stock had a trading volume of 1,103,690 shares, compared to its average volume of 1,520,927. The company has a market capitalization of $147.82 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.06 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $70.50. The stock's 50 day simple moving average is $61.43 and its two-hundred day simple moving average is $60.36. 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 results on Thursday, July 24th. The company reported $1.57 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 analyst estimates of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. Equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS 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 paid a $0.7108 dividend. This represents a yield of 454.0%. The ex-dividend date was Wednesday, June 18th. TotalEnergies's dividend payout ratio (DPR) is 53.72%.

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.