TotalEnergies SE Sponsored ADR $TTE Holdings Raised by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC increased its stake in TotalEnergies SE by 2.5%, owning a total of 768,826 shares worth approximately $49.7 million.
• Several institutional investors have modified their holdings in TotalEnergies, with some raising their stakes significantly, such as Financial Management Professionals Inc. increasing by 65.8%.
• TotalEnergies recently announced mixed quarterly earnings results, with an EPS of $1.57, missing estimates, while revenue exceeded expectations at $44.68 billion.

HighTower Advisors LLC increased its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 768,826 shares of the company's stock after acquiring an additional 19,043 shares during the quarter. HighTower Advisors LLC's holdings in TotalEnergies were worth $49,735,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its stake in TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after purchasing an additional 192 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in TotalEnergies in the 4th quarter valued at $32,000. Inlight Wealth Management LLC acquired a new position in TotalEnergies in the 1st quarter valued at $32,000. Costello Asset Management INC acquired a new position in TotalEnergies in the 1st quarter valued at $32,000. Finally, SouthState Corp raised its holdings in shares of TotalEnergies by 126.1% during the 1st quarter. SouthState Corp now owns 572 shares of the company's stock worth $37,000 after buying an additional 319 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Stock Down 0.7%

TotalEnergies stock traded down $0.43 during midday trading on Monday, reaching $61.82. The company's stock had a trading volume of 650,033 shares, compared to its average volume of 1,688,883. The business has a 50-day simple moving average of $61.59 and a 200-day simple moving average of $60.44. The company has a market cap of $148.21 billion, a P/E ratio of 11.22, a P/E/G ratio of 1.08 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $70.50. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40.

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

TotalEnergies Cuts Dividend

The company also recently disclosed 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 was Wednesday, June 18th. TotalEnergies's dividend payout ratio is presently 53.72%.

Analyst Ratings Changes

A number of brokerages have commented on TTE. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective for the company in a research note on Monday, May 12th. HSBC reiterated a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Piper Sandler reissued a "neutral" rating and issued a $68.00 target price (up previously from $66.00) on shares of TotalEnergies in a report on Monday. Finally, Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, TotalEnergies has a consensus rating of "Moderate Buy" and a consensus price target of $66.95.

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.