DAVENPORT & Co LLC Acquires 16,035 Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE)

DAVENPORT & Co LLC lifted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,275 shares of the company's stock after buying an additional 16,035 shares during the period. DAVENPORT & Co LLC's holdings in TotalEnergies were worth $8,751,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Financial Management Professionals Inc. increased its holdings in shares of TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after buying an additional 192 shares during the period. Bernard Wealth Management Corp. purchased a new position in TotalEnergies during the 4th quarter valued at about $32,000. Inlight Wealth Management LLC purchased a new position in TotalEnergies during the 1st quarter valued at about $32,000. SRS Capital Advisors Inc. increased its holdings in TotalEnergies by 108.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company's stock valued at $65,000 after purchasing an additional 617 shares during the period. Finally, General Partner Inc. purchased a new position in TotalEnergies during the 1st quarter valued at about $65,000. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Down 0.6%

TTE stock traded down $0.38 on Friday, reaching $63.11. 1,315,049 shares of the company traded hands, compared to its average volume of 1,662,043. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $71.03. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.86. The company has a market cap of $151.32 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 1.25 and a beta of 0.57. The firm has a fifty day simple moving average of $60.01 and a 200-day simple moving average of $59.41.

TotalEnergies (NYSE:TTE - Get Free Report) last posted 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 net margin of 6.60% and a return on equity of 14.47%. The company had revenue of $47.90 billion for the quarter, compared to the consensus estimate of $41.23 billion. During the same period last year, the business earned $2.14 EPS. Research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 11th. Investors of record on Thursday, June 19th will be given a dividend of $0.7108 per share. This represents a yield of 4.54%. The ex-dividend date is Wednesday, June 18th. TotalEnergies's dividend payout ratio (DPR) is presently 47.81%.

Analyst Ratings Changes

A number of research analysts recently issued reports on TTE shares. Scotiabank reduced their price target on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target on the stock in a report on Monday, May 12th. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Piper Sandler boosted their price target on TotalEnergies from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Wednesday. 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, eight have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, TotalEnergies presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.96.

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.