38,986 Shares in TotalEnergies SE Sponsored ADR $TTE Purchased by Interval Partners LP

Key Points

• Interval Partners LP has invested approximately $2.52 million in TotalEnergies SE, acquiring 38,986 shares during the first quarter.
• As of now, a significant 16.53% of TotalEnergies' stock is owned by institutional investors and hedge funds, indicating strong interest in the company.
• TotalEnergies reported $1.57 earnings per share for the last quarter, missing the consensus estimate of $1.62, but had a revenue of $44.68 billion compared to the expected $42.44 billion.

Interval Partners LP purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,986 shares of the company's stock, valued at approximately $2,522,000.

Other large investors also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. lifted its stake in TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after purchasing an additional 192 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of TotalEnergies in the fourth quarter valued at $32,000. Inlight Wealth Management LLC acquired a new stake in shares of TotalEnergies in the first quarter valued at $32,000. Costello Asset Management INC acquired a new stake in shares of TotalEnergies in the first quarter valued at $32,000. Finally, SouthState Corp raised its stake in shares of TotalEnergies by 126.1% in the first quarter. SouthState Corp now owns 572 shares of the company's stock valued at $37,000 after acquiring an additional 319 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on TTE shares. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Piper Sandler increased their price objective on TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Monday, August 18th. Scotiabank set a $65.00 price objective on TotalEnergies and gave the company a "sector perform" rating in a research note on Friday, July 11th. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective on the stock in a research note on Monday, May 12th. Finally, Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Three 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $66.95.

TotalEnergies Stock Up 0.6%

NYSE:TTE traded up $0.39 during trading hours on Tuesday, hitting $61.49. The company's stock had a trading volume of 911,205 shares, compared to its average volume of 1,652,172. The stock has a market capitalization of $147.43 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 1.04 and a beta of 0.59. The stock has a fifty day moving average of $61.73 and a 200-day moving average of $60.64. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $69.81.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). The firm had revenue of $44.68 billion for 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, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were issued 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 dividend payout ratio (DPR) is presently 53.72%.

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.