Global Assets Advisory LLC Buys New Holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Global Assets Advisory LLC purchased a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,031 shares of the company's stock, valued at approximately $649,000.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock worth $309,851,000 after buying an additional 1,672,387 shares during the last quarter. Sowell Financial Services LLC bought a new stake in TotalEnergies in the first quarter worth $280,000. Bank of Montreal Can lifted its position in TotalEnergies by 13.9% in the fourth quarter. Bank of Montreal Can now owns 484,854 shares of the company's stock worth $26,425,000 after buying an additional 59,256 shares during the last quarter. Royal Bank of Canada increased its stake in TotalEnergies by 10.0% in the fourth quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock worth $159,000,000 after purchasing an additional 265,251 shares during the period. Finally, Equity Investment Corp increased its stake in TotalEnergies by 10.5% in the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock worth $112,193,000 after purchasing an additional 196,277 shares during the period. 16.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TTE has been the topic of a number of recent analyst reports. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Finally, Scotiabank reduced their target price on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research note 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $69.36.

TotalEnergies Stock Down 0.2%

TotalEnergies stock traded down $0.10 during trading hours on Friday, reaching $61.46. The stock had a trading volume of 1,546,964 shares, compared to its average volume of 1,663,238. The company has a market cap of $147.37 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 1.27 and a beta of 0.56. 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 business's 50 day moving average price is $59.66 and its 200-day moving average price is $59.18. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $71.03.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its 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 the consensus estimate of $41.23 billion. TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. During the same quarter in the prior year, the firm posted $2.14 earnings per share. Sell-side analysts anticipate 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 issued 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 is presently 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.