TotalEnergies SE Sponsored ADR (NYSE:TTE) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 8.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,859,047 shares of the company's stock after buying an additional 210,566 shares during the quarter. Envestnet Asset Management Inc. owned 0.12% of TotalEnergies worth $184,952,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of TTE. Steward Partners Investment Advisory LLC raised its position in TotalEnergies by 31.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,395 shares of the company's stock worth $894,000 after buying an additional 3,939 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of TotalEnergies by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 137,580 shares of the company's stock valued at $7,498,000 after purchasing an additional 942 shares in the last quarter. Avantax Planning Partners Inc. increased its holdings in shares of TotalEnergies by 9.3% in the 4th quarter. Avantax Planning Partners Inc. now owns 6,650 shares of the company's stock valued at $362,000 after purchasing an additional 567 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of TotalEnergies by 1.6% in the 4th quarter. HighTower Advisors LLC now owns 749,783 shares of the company's stock valued at $40,863,000 after purchasing an additional 12,125 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of TotalEnergies by 13.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,632 shares of the company's stock valued at $198,000 after purchasing an additional 424 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TTE shares. Morgan Stanley upgraded shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a report on Monday, May 12th. Piper Sandler increased 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. HSBC reiterated a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Finally, Scotiabank cut their price target on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $69.96.

TotalEnergies Price Performance

NYSE:TTE traded up $0.39 during mid-day trading on Friday, hitting $63.00. 1,115,449 shares of the company's stock traded hands, compared to its average volume of 1,663,231. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.07. The firm's 50 day simple moving average is $60.30 and its 200 day simple moving average is $59.63. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $70.50. The company has a market cap of $151.05 billion, a PE ratio of 10.61, 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 results on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $41.23 billion. During the same period in the prior year, the business earned $2.14 earnings per share. Sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, July 11th. Shareholders of record on Thursday, June 19th will be paid a dividend of $0.7108 per share. The ex-dividend date is Wednesday, June 18th. This represents a dividend yield of 4.54%. TotalEnergies's dividend payout ratio is currently 49.83%.

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.