TotalEnergies SE Sponsored ADR (NYSE:TTE) Shares Sold by Garland Capital Management Inc.

Garland Capital Management Inc. reduced its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 10.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,237 shares of the company's stock after selling 5,005 shares during the quarter. TotalEnergies comprises about 2.7% of Garland Capital Management Inc.'s investment portfolio, making the stock its 23rd biggest position. Garland Capital Management Inc.'s holdings in TotalEnergies were worth $2,926,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Financial Management Professionals Inc. lifted its stake in shares of TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after purchasing an additional 192 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in shares of TotalEnergies during the fourth quarter worth about $32,000. SRS Capital Advisors Inc. lifted its stake in shares of TotalEnergies by 108.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company's stock worth $65,000 after purchasing an additional 617 shares in the last quarter. General Partner Inc. acquired a new position in shares of TotalEnergies during the first quarter worth about $65,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of TotalEnergies during the first quarter worth about $65,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TTE. HSBC restated a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Piper Sandler boosted their price objective on TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective on the stock in a research note on Monday, May 12th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Finally, Scotiabank dropped their target price on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, TotalEnergies has a consensus rating of "Moderate Buy" and an average price target of $69.36.

TotalEnergies Stock Up 1.0%

Shares of NYSE TTE traded up $0.61 during midday trading on Friday, reaching $62.64. 2,796,662 shares of the company's stock were exchanged, compared to its average volume of 1,654,532. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $71.03. The stock has a market capitalization of $150.18 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 1.30 and a beta of 0.56. 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 business's fifty day moving average price is $59.31 and its two-hundred day moving average price is $59.04.

TotalEnergies (NYSE:TTE - Get Free Report) last posted 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). The firm had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. During the same quarter last year, the business posted $2.14 earnings per share. Analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The company 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 is Wednesday, June 18th. This represents a yield of 4.54%. TotalEnergies's dividend payout ratio (DPR) is 47.81%.

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.