Connor Clark & Lunn Investment Management Ltd. increased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 3,410.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,998 shares of the company's stock after buying an additional 134,067 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in TotalEnergies were worth $8,927,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in TTE. Townsquare Capital LLC grew its stake in shares of TotalEnergies by 20.3% during the first quarter. Townsquare Capital LLC now owns 33,136 shares of the company's stock valued at $2,144,000 after buying an additional 5,582 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in TotalEnergies during the first quarter worth $11,971,000. Citigroup Inc. lifted its holdings in TotalEnergies by 44.1% during the first quarter. Citigroup Inc. now owns 634,674 shares of the company's stock worth $41,057,000 after buying an additional 194,325 shares during the period. Deutsche Bank AG lifted its holdings in TotalEnergies by 3.9% during the first quarter. Deutsche Bank AG now owns 6,613 shares of the company's stock worth $428,000 after buying an additional 247 shares during the period. Finally, Blue Barn Wealth LLC lifted its holdings in TotalEnergies by 6.9% during the first quarter. Blue Barn Wealth LLC now owns 4,349 shares of the company's stock worth $281,000 after buying an additional 280 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.
TotalEnergies Stock Performance
Shares of NYSE TTE traded up $0.74 during mid-day trading on Friday, hitting $62.26. The stock had a trading volume of 919,502 shares, compared to its average volume of 1,693,449. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The company has a 50 day moving average of $61.53 and a two-hundred day moving average of $60.38. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $70.50. The firm has a market cap of $149.27 billion, a PE ratio of 11.30, a PEG ratio of 1.07 and a beta of 0.59.
TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.05). The company had revenue of $44.68 billion for 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%. Research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.
TotalEnergies Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were given a dividend of $0.7108 per share. This represents a yield of 454.0%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's dividend payout ratio (DPR) is currently 53.72%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. HSBC restated a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Piper Sandler lowered their target price on TotalEnergies from $68.00 to $66.00 and set a "neutral" rating for the company in a report on Friday, July 18th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. 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 report on Monday, May 12th. Finally, Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, TotalEnergies currently has a consensus rating of "Moderate Buy" and an average price target of $66.45.
Check Out Our Latest Stock Analysis on TTE
TotalEnergies Profile
(
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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