Envestnet Portfolio Solutions Inc. lessened its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 28.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,118 shares of the company's stock after selling 25,016 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in TotalEnergies were worth $4,148,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in TTE. First Horizon Advisors Inc. raised its position in shares of TotalEnergies by 9.1% during the 4th quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company's stock worth $121,000 after buying an additional 184 shares in the last quarter. J2 Capital Management Inc boosted its position in shares of TotalEnergies by 3.3% during the 1st quarter. J2 Capital Management Inc now owns 5,954 shares of the company's stock valued at $385,000 after purchasing an additional 191 shares in the last quarter. Financial Management Professionals Inc. grew its stake in shares of TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after purchasing an additional 192 shares during the last quarter. Ipswich Investment Management Co. Inc. raised its holdings in shares of TotalEnergies by 0.9% in the 1st quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company's stock worth $1,483,000 after purchasing an additional 200 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in TotalEnergies by 5.4% during the first quarter. UMB Bank n.a. now owns 3,936 shares of the company's stock valued at $255,000 after purchasing an additional 201 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.
TotalEnergies Stock Up 1.0%
Shares of NYSE TTE traded up $0.60 during mid-day trading on Wednesday, reaching $61.00. The company had a trading volume of 1,839,443 shares, compared to its average volume of 1,661,066. 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 company has a market capitalization of $146.26 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 1.25 and a beta of 0.56. The stock has a fifty day moving average of $59.48 and a two-hundred day moving average of $59.10. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $71.03.
TotalEnergies (NYSE:TTE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share (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 for the quarter, compared to analyst estimates of $41.23 billion. During the same period last year, the business earned $2.14 EPS. As a group, equities research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.
TotalEnergies Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, July 11th. Shareholders of record on Thursday, June 19th will be paid a $0.7108 dividend. The ex-dividend date is Wednesday, June 18th. This represents a yield of 4.54%. TotalEnergies's dividend payout ratio (DPR) is currently 47.81%.
Wall Street Analyst Weigh In
Several research firms have issued reports on TTE. Scotiabank dropped 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. Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Piper Sandler upped their target price on TotalEnergies from $62.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Finally, HSBC reissued a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, TotalEnergies currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.36.
Read Our Latest Stock Analysis on TTE
TotalEnergies Company Profile
(
Free Report)
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.
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