CW Advisors LLC Has $2.35 Million Stock Position in TotalEnergies SE Sponsored ADR $TTE

Key Points

• CW Advisors LLC increased its holdings in TotalEnergies SE Sponsored ADR by 45.3%, owning 36,513 shares valued at approximately $2.35 million as of the latest quarter.
• Several institutional investors also bolstered their stakes, with HighTower Advisors owning 768,826 shares valued at $49.73 million after a 2.5% increase.
• Analysts have a generally positive outlook on TotalEnergies, with a consensus rating of "Moderate Buy" and an average price target of $66.95.

CW Advisors LLC grew its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 45.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,513 shares of the company's stock after purchasing an additional 11,390 shares during the period. CW Advisors LLC's holdings in TotalEnergies were worth $2,352,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TTE. First Trust Advisors LP acquired a new stake in shares of TotalEnergies during the 4th quarter worth $5,425,000. Dimensional Fund Advisors LP increased its holdings in TotalEnergies by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 373,728 shares of the company's stock valued at $20,368,000 after buying an additional 20,734 shares during the period. Tower Research Capital LLC TRC raised its position in shares of TotalEnergies by 8,565.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,726 shares of the company's stock valued at $203,000 after buying an additional 3,683 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of TotalEnergies by 5.3% during the 4th quarter. Hsbc Holdings PLC now owns 11,888 shares of the company's stock worth $648,000 after acquiring an additional 603 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in shares of TotalEnergies by 5.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 17,654 shares of the company's stock worth $962,000 after acquiring an additional 859 shares in the last quarter. Institutional investors own 16.53% of the company's stock.

TotalEnergies Trading Up 1.0%

TTE traded up $0.59 during midday trading on Friday, hitting $62.70. 701,930 shares of the company were exchanged, compared to its average volume of 1,672,643. The firm's 50 day moving average price is $61.66 and its 200-day moving average price is $60.61. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $69.81. The firm has a market capitalization of $150.34 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.06 and a beta of 0.59. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40.

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 company had revenue of $44.68 billion during the quarter, compared to analyst estimates of $42.44 billion. As a group, equities analysts forecast 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 paid a dividend of $0.7108 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a yield of 454.0%. TotalEnergies's dividend payout ratio (DPR) is currently 61.71%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TTE shares. Scotiabank set a $65.00 target price on TotalEnergies and gave the company a "sector perform" rating in a report on Friday, July 11th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Piper Sandler raised their price objective on TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Monday, August 18th. HSBC reissued a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Finally, Morgan Stanley upgraded shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target on the stock in a research note on Monday, May 12th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $66.95.

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.