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

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

Several other large investors have also recently made changes to their positions in TTE. Bank of America Corp DE boosted its stake in TotalEnergies by 121.1% during the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock worth $416,828,000 after purchasing an additional 4,189,652 shares during the last quarter. Franklin Resources Inc. boosted its position 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 acquiring an additional 1,672,387 shares during the last quarter. Northern Trust Corp boosted its position in TotalEnergies by 41.7% during the fourth quarter. Northern Trust Corp now owns 1,783,017 shares of the company's stock worth $97,174,000 after acquiring an additional 524,314 shares during the last quarter. BNP Paribas Financial Markets grew its stake in TotalEnergies by 295.3% during the 4th quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company's stock valued at $37,577,000 after acquiring an additional 515,088 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in TotalEnergies by 19.5% in the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock valued at $157,309,000 after acquiring an additional 471,291 shares during the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 0.9%

Shares of TotalEnergies stock traded up $0.53 during trading hours on Wednesday, hitting $62.57. The company's stock had a trading volume of 918,096 shares, compared to its average volume of 1,661,280. The stock has a market cap of $150.02 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 1.21 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.07. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $70.50. The firm has a fifty day moving average of $60.09 and a 200-day moving average of $59.56.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.83 EPS 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 during the quarter, compared to analyst estimates of $41.23 billion. During the same period in the previous year, the company earned $2.14 EPS. Research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS 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. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a dividend yield of 4.54%. TotalEnergies's payout ratio is currently 49.83%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TTE. Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Scotiabank dropped their target price on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Finally, Morgan Stanley raised 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 report on Monday, May 12th. Four 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 data from MarketBeat.com, TotalEnergies presently has a consensus rating of "Moderate Buy" and an average 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.