Janney Montgomery Scott LLC Grows Stock Position in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Janney Montgomery Scott LLC lifted its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 7.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,993 shares of the company's stock after buying an additional 11,972 shares during the quarter. Janney Montgomery Scott LLC's holdings in TotalEnergies were worth $10,803,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. grew its stake in shares of TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after purchasing an additional 192 shares during the period. Bernard Wealth Management Corp. purchased a new stake in TotalEnergies during the fourth quarter worth about $32,000. SRS Capital Advisors Inc. grew its position in TotalEnergies by 108.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company's stock worth $65,000 after buying an additional 617 shares during the period. General Partner Inc. acquired a new position in TotalEnergies during the first quarter worth about $65,000. Finally, Opal Wealth Advisors LLC purchased a new position in TotalEnergies in the first quarter valued at about $65,000. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Price Performance

Shares of TTE traded down $1.17 during trading hours on Monday, reaching $61.42. 1,872,658 shares of the company traded hands, compared to its average volume of 1,655,407. The stock has a fifty day simple moving average of $59.40 and a 200 day simple moving average of $59.08. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $71.03. The stock has a market capitalization of $147.27 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.30 and a beta of 0.56. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 0.38.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The firm had revenue of $47.90 billion for 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 last year, the firm earned $2.14 earnings per share. As a group, research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Piper Sandler boosted their target price on TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. HSBC restated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Finally, Scotiabank decreased their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $69.36.

TotalEnergies Company 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.