Energy Income Partners LLC Acquires 193,370 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• Energy Income Partners LLC has increased its stake in TotalEnergies SE by 19.5% to a total of 1,184,797 shares, making it the fund's 21st largest position.
• TotalEnergies reported a net margin of 6.20% and a missed earnings estimate with an EPS of $1.57, below the expected $1.62.
• Several analysts have upgraded TotalEnergies’ stock rating, with Morgan Stanley setting a new price target of $60.80, indicating strong positive sentiment toward the company.

Energy Income Partners LLC lifted its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 19.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,184,797 shares of the company's stock after acquiring an additional 193,370 shares during the period. TotalEnergies accounts for 1.5% of Energy Income Partners LLC's portfolio, making the stock its 21st biggest holding. Energy Income Partners LLC's holdings in TotalEnergies were worth $76,645,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. grew its position in TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after buying an additional 192 shares in the last quarter. Bernard Wealth Management Corp. purchased a new stake in TotalEnergies during the fourth quarter valued at about $32,000. Inlight Wealth Management LLC purchased a new stake in TotalEnergies during the first quarter valued at about $32,000. Costello Asset Management INC purchased a new stake in TotalEnergies during the first quarter valued at about $32,000. Finally, SouthState Corp lifted its stake in TotalEnergies by 126.1% during the first quarter. SouthState Corp now owns 572 shares of the company's stock valued at $37,000 after buying an additional 319 shares in the last quarter. Institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Down 1.4%

NYSE:TTE traded down $0.90 during mid-day trading on Wednesday, reaching $61.69. The stock had a trading volume of 966,339 shares, compared to its average volume of 1,264,645. The business's 50 day moving average is $61.73 and its 200 day moving average is $60.64. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $69.81. The stock has a market cap of $147.92 billion, a P/E ratio of 8.91, a PEG ratio of 1.07 and a beta of 0.59. 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 announced its quarterly earnings results on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.05). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The company had revenue of $44.68 billion for the quarter, compared to analyst estimates of $42.44 billion. As a group, sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current 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 issued a dividend of $0.7108 per share. This represents a yield of 454.0%. The ex-dividend date was Wednesday, June 18th. TotalEnergies's dividend payout ratio (DPR) is 53.72%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Piper Sandler upped their price objective on shares of TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Monday, August 18th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Finally, Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a research report on Monday, May 12th. Three investment 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 company. Based on data from MarketBeat, the company presently has a consensus 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.