First Bank & Trust Has $4.28 Million Position in TotalEnergies SE Sponsored ADR (NYSE:TTE)

First Bank & Trust increased its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 17.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 66,225 shares of the company's stock after acquiring an additional 9,790 shares during the period. TotalEnergies makes up approximately 0.8% of First Bank & Trust's holdings, making the stock its 24th largest holding. First Bank & Trust's holdings in TotalEnergies were worth $4,284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTE. J2 Capital Management Inc increased its holdings in shares of TotalEnergies by 3.3% in the 1st quarter. J2 Capital Management Inc now owns 5,954 shares of the company's stock worth $385,000 after acquiring an additional 191 shares during the period. Financial Management Professionals Inc. increased 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 acquiring an additional 192 shares during the period. Ipswich Investment Management Co. Inc. boosted its position in TotalEnergies by 0.9% during the 1st quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company's stock worth $1,483,000 after acquiring an additional 200 shares during the period. UMB Bank n.a. grew its stake in shares of TotalEnergies by 5.4% in the first quarter. UMB Bank n.a. now owns 3,936 shares of the company's stock worth $255,000 after purchasing an additional 201 shares in the last quarter. Finally, Columbus Macro LLC raised its position in shares of TotalEnergies by 0.5% during the 1st quarter. Columbus Macro LLC now owns 38,407 shares of the company's stock worth $2,485,000 after buying an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Up 2.5%

TotalEnergies stock traded up $1.53 during trading hours on Wednesday, hitting $63.44. The company had a trading volume of 1,389,403 shares, compared to its average volume of 1,659,225. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $71.03. The firm's fifty day moving average is $59.78 and its 200-day moving average is $59.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.86. The firm has a market capitalization of $152.11 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 1.24 and a beta of 0.57.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share 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 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 firm posted $2.14 earnings per share. On average, research analysts forecast 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 will be paid on Friday, July 11th. Shareholders of record on Thursday, June 19th will be given a $0.7108 dividend. The ex-dividend date is Wednesday, June 18th. This represents a yield of 4.54%. TotalEnergies's dividend payout ratio is 47.81%.

Analyst Ratings Changes

A number of research firms have weighed in on TTE. HSBC restated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Finally, Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price for the company in a report on Monday, May 12th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, TotalEnergies currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.96.

About TotalEnergies

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.