GW Henssler & Associates Ltd. Purchases New Holdings in TotalEnergies SE Sponsored ADR $TTE

Key Points

• GW Henssler & Associates Ltd. has acquired a new stake in TotalEnergies SE, purchasing 318,132 shares valued at approximately $20.58 million.
• Multiple institutional investors, including Bank of America and Price T Rowe Associates, have recently increased their holdings in TotalEnergies, reflecting growing institutional interest in the stock.
• Analysts have given TotalEnergies a consensus rating of "Moderate Buy" with a target price of $66.95, indicating positive sentiment in the market regarding the company's future performance.

GW Henssler & Associates Ltd. acquired a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 318,132 shares of the company's stock, valued at approximately $20,580,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of TotalEnergies by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 373,728 shares of the company's stock valued at $20,368,000 after acquiring an additional 20,734 shares during the last quarter. Tower Research Capital LLC TRC increased its position in TotalEnergies by 8,565.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,726 shares of the company's stock worth $203,000 after buying an additional 3,683 shares during the period. Hsbc Holdings PLC increased its position in TotalEnergies by 5.3% in the fourth quarter. Hsbc Holdings PLC now owns 11,888 shares of the company's stock worth $648,000 after buying an additional 603 shares during the period. Northern Trust Corp increased its holdings in shares of TotalEnergies by 41.7% during the fourth quarter. Northern Trust Corp now owns 1,783,017 shares of the company's stock valued at $97,174,000 after purchasing an additional 524,314 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new position in TotalEnergies during the fourth quarter valued at about $5,010,000. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Trading Down 1.4%

Shares of TTE stock traded down $0.90 on Wednesday, reaching $61.69. 966,339 shares of the stock were exchanged, compared to its average volume of 1,264,645. The stock has a market cap of $147.92 billion, a PE ratio of 11.20, a P/E/G ratio of 1.07 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $69.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. The stock has a 50 day moving average price of $61.74 and a 200 day moving average price of $60.65.

TotalEnergies (NYSE:TTE - Get Free Report) last released its 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). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%.The firm had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. Equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 11th. Investors of record on Thursday, June 19th were paid a dividend of $0.7108 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a dividend yield of 454.0%. TotalEnergies's payout ratio is 53.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TTE shares. HSBC reissued a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price on the stock in a report on Monday, May 12th. Scotiabank set a $65.00 price objective on TotalEnergies and gave the stock a "sector perform" rating in a report on Friday, July 11th. Finally, Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $66.95.

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.