International Assets Investment Management LLC Trims Holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE)

International Assets Investment Management LLC trimmed its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 50.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,186 shares of the company's stock after selling 6,324 shares during the period. International Assets Investment Management LLC's holdings in TotalEnergies were worth $400,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in TotalEnergies by 41.7% in the 4th 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. Sowell Financial Services LLC acquired a new position in shares of TotalEnergies during the 1st quarter valued at about $280,000. Bank of Montreal Can increased its stake in shares of TotalEnergies by 13.9% during 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 during the last quarter. Royal Bank of Canada increased 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 valued at $159,000,000 after acquiring an additional 265,251 shares during the last quarter. Finally, Equity Investment Corp increased its stake in shares of TotalEnergies by 10.5% during the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock valued at $112,193,000 after acquiring an additional 196,277 shares during the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TTE has been the subject of a number of research analyst reports. Piper Sandler upped their price objective on shares of TotalEnergies from $62.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Scotiabank dropped their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Finally, Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $69.36.

TotalEnergies Stock Up 0.5%

TTE opened at $61.36 on Friday. The firm has a 50 day moving average price of $59.60 and a 200 day moving average price of $59.13. The company has a market cap of $147.12 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 1.27 and a beta of 0.56. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $71.03. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.07.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The company had revenue of $47.90 billion during the quarter, compared to analysts' expectations of $41.23 billion. TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. During the same quarter in the prior year, the company earned $2.14 EPS. Sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 11th. Shareholders of record on Thursday, June 19th will be issued a $0.7108 dividend. This represents a yield of 4.54%. The ex-dividend date is Wednesday, June 18th. TotalEnergies's dividend payout ratio is presently 47.81%.

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.

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