Envestnet Asset Management Inc. Has $184.95 Million Stock Position in TotalEnergies SE Sponsored ADR (NYSE:TTE)

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. increased its holdings in shares of TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after purchasing an additional 1,672,387 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in TotalEnergies during the 1st quarter worth $280,000. Bank of Montreal Can grew its holdings in TotalEnergies by 13.9% during the 4th quarter. Bank of Montreal Can now owns 484,854 shares of the company's stock worth $26,425,000 after acquiring an additional 59,256 shares during the period. Royal Bank of Canada grew its holdings in TotalEnergies by 10.0% during the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock worth $159,000,000 after acquiring an additional 265,251 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in TotalEnergies by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 373,728 shares of the company's stock worth $20,368,000 after acquiring an additional 20,734 shares during the period. Institutional investors and hedge funds own 16.53% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on TTE shares. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Piper Sandler boosted their price objective on shares of TotalEnergies from $65.00 to $68.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Finally, HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $69.96.

TotalEnergies Stock Performance

Shares of TTE stock traded down $0.02 on Thursday, reaching $62.54. The stock had a trading volume of 970,651 shares, compared to its average volume of 1,665,422. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 0.38. The firm's 50-day moving average is $60.30 and its two-hundred day moving average is $59.63. The firm has a market capitalization of $149.96 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 1.25 and a beta of 0.57. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $70.50.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly 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 quarter last year, the company posted $2.14 EPS. On average, research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

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

TotalEnergies 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.