TotalEnergies SE Sponsored ADR (NYSE:TTE) Shares Bought by GQG Partners LLC

Key Points

• GQG Partners LLC increased its stake in TotalEnergies SE by 110.6%, acquiring an additional 119,945 shares, raising their total holdings to 228,358 shares worth approximately $14.77 million.
• TotalEnergies reported a missed earnings estimate with $1.57 EPS against a forecast of $1.62 and achieved revenues of $44.68 billion for the last quarter, exceeding analyst expectations.
• Analysts have upgraded TotalEnergies' stock ratings, with a current average target price of $66.45, indicating a consensus view of a "Moderate Buy".

GQG Partners LLC lifted its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 110.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 228,358 shares of the company's stock after purchasing an additional 119,945 shares during the quarter. GQG Partners LLC's holdings in TotalEnergies were worth $14,773,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TTE. Advisory Services Network LLC lifted its position in shares of TotalEnergies by 12.4% during the fourth quarter. Advisory Services Network LLC now owns 9,809 shares of the company's stock worth $535,000 after purchasing an additional 1,081 shares in the last quarter. Scotia Capital Inc. acquired a new stake in shares of TotalEnergies during the fourth quarter worth about $299,000. Townsquare Capital LLC lifted its position in shares of TotalEnergies by 13.1% during the fourth quarter. Townsquare Capital LLC now owns 27,554 shares of the company's stock worth $1,502,000 after purchasing an additional 3,193 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new stake in shares of TotalEnergies during the fourth quarter worth about $636,000. Finally, Mariner LLC lifted its position in shares of TotalEnergies by 10.0% during the fourth quarter. Mariner LLC now owns 162,738 shares of the company's stock worth $8,869,000 after purchasing an additional 14,750 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TTE. Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective on the stock in a report on Monday, May 12th. Scotiabank set a $65.00 target price on shares of TotalEnergies and gave the company a "sector perform" rating in a report on Friday, July 11th. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Finally, Piper Sandler decreased their target price on shares of TotalEnergies from $68.00 to $66.00 and set a "neutral" rating on the stock in a research report on Friday, July 18th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, TotalEnergies currently has an average rating of "Moderate Buy" and an average price target of $66.45.

TotalEnergies Trading Up 1.2%

Shares of NYSE:TTE traded up $0.72 during trading on Friday, reaching $62.24. 1,284,112 shares of the stock were exchanged, compared to its average volume of 1,505,618. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $70.50. The firm has a market cap of $149.23 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 1.08 and a beta of 0.59. The firm's 50-day moving average price is $61.59 and its 200 day moving average price is $60.43.

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

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, June 19th were issued a dividend of $0.7108 per share. This represents a dividend yield of 454.0%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's dividend payout ratio (DPR) is 61.71%.

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.