Flputnam Investment Management Co. Has $4.97 Million Holdings in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Flputnam Investment Management Co. increased its stake in TotalEnergies SE by 6.3%, owning a total of 76,883 shares valued at approximately $4.97 million after purchasing 4,579 additional shares.
• Several other institutional investors have also boosted their holdings in TotalEnergies, with Baird Financial Group Inc. increasing its stake by 46.8% during the same quarter.
• TotalEnergies' stock has received positive attention from analysts, with three ratings of Strong Buy and an average price target of $66.95.

Flputnam Investment Management Co. increased its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,883 shares of the company's stock after buying an additional 4,579 shares during the period. Flputnam Investment Management Co.'s holdings in TotalEnergies were worth $4,974,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TTE. Royal Bank of Canada raised its holdings in TotalEnergies by 6.4% during the 1st quarter. Royal Bank of Canada now owns 3,104,000 shares of the company's stock worth $200,797,000 after purchasing an additional 186,562 shares during the last quarter. Energy Income Partners LLC raised its holdings in TotalEnergies by 19.5% during the 1st quarter. Energy Income Partners LLC now owns 1,184,797 shares of the company's stock worth $76,645,000 after purchasing an additional 193,370 shares during the last quarter. MAI Capital Management raised its holdings in TotalEnergies by 20.2% during the 1st quarter. MAI Capital Management now owns 5,580 shares of the company's stock worth $361,000 after purchasing an additional 939 shares during the last quarter. Baird Financial Group Inc. raised its holdings in TotalEnergies by 46.8% during the 1st quarter. Baird Financial Group Inc. now owns 82,636 shares of the company's stock worth $5,346,000 after purchasing an additional 26,336 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. bought a new stake in TotalEnergies during the 1st quarter worth about $226,000. Institutional investors and hedge funds own 16.53% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Scotiabank set a $65.00 price objective on TotalEnergies and gave the stock a "sector perform" rating in a report on Friday, July 11th. Piper Sandler upped their price target on TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Monday, August 18th. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a research note on Monday, May 12th. Finally, Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $66.95.

TotalEnergies Stock Down 1.4%

Shares of TTE traded down $0.90 during mid-day trading on Wednesday, hitting $61.69. 966,339 shares of the company's stock were exchanged, compared to its average volume of 1,264,645. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $69.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. The company has a 50-day simple moving average of $61.74 and a 200 day simple moving average of $60.65. The company has a market cap of $147.92 billion, a PE ratio of 11.20, a P/E/G ratio of 1.07 and a beta of 0.59.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.05). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%.The company had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. On average, research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were paid a dividend of $0.7108 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a yield of 454.0%. TotalEnergies's payout ratio is presently 53.72%.

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.