Good Steward Wealth Advisors LLC Takes Position in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Good Steward Wealth Advisors LLC purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,262 shares of the company's stock, valued at approximately $599,000.

Several other hedge funds also recently made changes to their positions in TTE. Bank of America Corp DE grew its stake in shares of TotalEnergies by 121.1% in the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock valued at $416,828,000 after buying an additional 4,189,652 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of TotalEnergies in the fourth quarter valued at $156,044,000. Franklin Resources Inc. grew its stake in shares of TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after buying an additional 1,672,387 shares in the last quarter. Northern Trust Corp grew its stake in shares of TotalEnergies by 41.7% in the fourth quarter. Northern Trust Corp now owns 1,783,017 shares of the company's stock valued at $97,174,000 after buying an additional 524,314 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of TotalEnergies by 295.3% in the fourth quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company's stock valued at $37,577,000 after buying an additional 515,088 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Trading Down 1.9%

NYSE:TTE traded down $1.17 during mid-day trading on Monday, hitting $61.42. 1,872,658 shares of the company's stock were exchanged, compared to its average volume of 1,655,407. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $71.03. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $147.27 billion, a P/E ratio of 10.34, a PEG ratio of 1.30 and a beta of 0.56. The company has a 50 day simple moving average of $59.40 and a 200-day simple moving average of $59.08.

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 analysts' consensus estimates of $1.88 by ($0.05). TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. The business had revenue of $47.90 billion for the quarter, compared to the consensus estimate of $41.23 billion. During the same period in the previous year, the firm earned $2.14 earnings per share. As a group, research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 11th. Stockholders of record on Thursday, June 19th will be paid a $0.7108 dividend. This represents a dividend yield of 4.54%. The ex-dividend date of this dividend is Wednesday, June 18th. TotalEnergies's dividend payout ratio is currently 47.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Finally, Scotiabank cut their price target on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $69.36.

TotalEnergies 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.