Good Steward Wealth Advisors LLC acquired a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 9,262 shares of the company's stock, valued at approximately $599,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TTE. Franklin Resources Inc. lifted its holdings 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 purchasing an additional 1,672,387 shares in the last quarter. Bank of Montreal Can lifted its stake in TotalEnergies by 13.9% in the 4th quarter. Bank of Montreal Can now owns 484,854 shares of the company's stock valued at $26,425,000 after acquiring an additional 59,256 shares in the last quarter. CIBC Asset Management Inc boosted its position in TotalEnergies by 15.7% during the 4th quarter. CIBC Asset Management Inc now owns 59,100 shares of the company's stock worth $3,221,000 after acquiring an additional 8,000 shares during the last quarter. Royal Bank of Canada grew its stake in shares of TotalEnergies by 10.0% during the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock worth $159,000,000 after acquiring an additional 265,251 shares in the last quarter. Finally, Equity Investment Corp raised its holdings in shares of TotalEnergies by 10.5% in the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock valued at $112,193,000 after purchasing an additional 196,277 shares during the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages recently commented on TTE. Scotiabank reduced their target price on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. HSBC reiterated a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Finally, 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. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $69.36.
Read Our Latest Stock Analysis on TTE
TotalEnergies Stock Performance
Shares of TTE traded up $0.61 during mid-day trading on Friday, reaching $62.64. The company's stock had a trading volume of 2,796,662 shares, compared to its average volume of 1,654,125. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $71.03. The business has a 50-day simple moving average of $59.18 and a two-hundred day simple moving average of $58.99. The stock has a market cap of $150.18 billion, a P/E ratio of 10.54, a PEG ratio of 1.29 and a beta of 0.56.
TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. The business had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. During the same period in the prior year, the business earned $2.14 EPS. As a group, equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.
TotalEnergies Cuts Dividend
The business 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 of this dividend is Wednesday, June 18th. This represents a yield of 4.54%. TotalEnergies's dividend payout ratio (DPR) is currently 47.81%.
TotalEnergies Profile
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Free Report)
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.
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