Crossmark Global Holdings Inc. reduced its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 12.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,754 shares of the company's stock after selling 20,551 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in TotalEnergies were worth $9,688,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. grew its stake in 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 buying an additional 1,672,387 shares during the period. Sowell Financial Services LLC purchased a new stake in TotalEnergies during the first quarter worth approximately $280,000. Bank of Montreal Can lifted its position in shares of TotalEnergies by 13.9% during the fourth quarter. Bank of Montreal Can now owns 484,854 shares of the company's stock worth $26,425,000 after purchasing an additional 59,256 shares in the last quarter. Royal Bank of Canada lifted its position in shares of TotalEnergies by 10.0% during the fourth quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock worth $159,000,000 after purchasing an additional 265,251 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of TotalEnergies by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 373,728 shares of the company's stock worth $20,368,000 after purchasing an additional 20,734 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.
TotalEnergies Stock Performance
TTE stock traded up $1.54 during trading on Tuesday, hitting $61.96. 1,401,888 shares of the company's stock traded hands, compared to its average volume of 1,663,110. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 0.38. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $70.64. The stock has a fifty day moving average price of $60.02 and a two-hundred day moving average price of $59.54. The stock has a market capitalization of $148.56 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 1.25 and a beta of 0.57.
TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. The firm had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. During the same period last year, the business earned $2.14 EPS. As a group, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.
TotalEnergies Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, July 11th. Investors of record on Thursday, June 19th will be issued a $0.7108 dividend. The ex-dividend date is Wednesday, June 18th. This represents a dividend yield of 4.54%. TotalEnergies's dividend payout ratio (DPR) is presently 47.81%.
Analyst Upgrades and Downgrades
TTE has been the topic of a number of recent research reports. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Piper Sandler upped their price target on shares of TotalEnergies from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Finally, Morgan Stanley upgraded 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 note on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, TotalEnergies presently has a consensus rating of "Moderate Buy" and an average target price of $69.96.
Read Our Latest Stock Report on TotalEnergies
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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