ICONIQ Capital LLC Buys 5,214 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• ICONIQ Capital LLC increased its holdings in TotalEnergies SE by 85.3%, purchasing an additional 5,214 shares, bringing its total to 11,323 shares worth $732,000.
• TotalEnergies recently reported a miss on EPS estimates with $1.57 compared to analysts' expectations of $1.62, although revenue exceeded projections at $44.68 billion.
• The company's dividend payout ratio stands at 53.72%, with a recently declared dividend yielding 454.0%.

ICONIQ Capital LLC increased its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 85.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,323 shares of the company's stock after purchasing an additional 5,214 shares during the quarter. ICONIQ Capital LLC's holdings in TotalEnergies were worth $732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTE. First Trust Advisors LP bought a new position in shares of TotalEnergies during the fourth quarter valued at $5,425,000. Dimensional Fund Advisors LP lifted its holdings in shares of TotalEnergies by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 373,728 shares of the company's stock valued at $20,368,000 after purchasing an additional 20,734 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of TotalEnergies by 8,565.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,726 shares of the company's stock valued at $203,000 after purchasing an additional 3,683 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of TotalEnergies by 5.3% during the fourth quarter. Hsbc Holdings PLC now owns 11,888 shares of the company's stock valued at $648,000 after purchasing an additional 603 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in shares of TotalEnergies by 5.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 17,654 shares of the company's stock valued at $962,000 after purchasing an additional 859 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Up 1.0%

TotalEnergies stock opened at $64.0850 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The stock has a fifty day moving average of $61.69 and a 200 day moving average of $60.57. The stock has a market cap of $153.66 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 1.10 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $70.50.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $1.57 EPS 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%. As a group, sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

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

Analysts Set New Price Targets

TTE has been the topic of a number of research analyst reports. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Piper Sandler upped their price target on TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Monday, August 18th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective for the company in a research report on Monday, May 12th. Finally, HSBC reiterated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Three investment 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.

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