Jones Financial Companies Lllp Decreases Holdings in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Jones Financial Companies Lllp has reduced its stake in TotalEnergies SE Sponsored ADR by 60.2%, owning 152,223 shares valued at approximately $9.85 million after selling 230,719 shares in the first quarter.
• Analysts recommend a Moderate Buy consensus for TotalEnergies, with a price target averaging $66.95, reflecting an upgrade trend from several brokerages.
• TotalEnergies recently reported a net margin of 6.20% with earnings per share of $1.57, missing estimates by $0.05, despite a revenue surpassing analyst expectations at $44.68 billion.

Jones Financial Companies Lllp lessened its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 60.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,223 shares of the company's stock after selling 230,719 shares during the quarter. Jones Financial Companies Lllp's holdings in TotalEnergies were worth $9,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in TotalEnergies by 1.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 163,193 shares of the company's stock valued at $10,557,000 after purchasing an additional 2,512 shares during the period. Interval Partners LP bought a new position in TotalEnergies in the 1st quarter valued at $2,522,000. Hancock Whitney Corp grew its stake in shares of TotalEnergies by 8.0% during the 1st quarter. Hancock Whitney Corp now owns 17,179 shares of the company's stock worth $1,111,000 after acquiring an additional 1,271 shares during the period. Concorde Asset Management LLC bought a new position in shares of TotalEnergies during the 1st quarter worth $302,000. Finally, AQR Capital Management LLC grew its stake in shares of TotalEnergies by 151.0% during the 1st quarter. AQR Capital Management LLC now owns 67,461 shares of the company's stock worth $4,364,000 after acquiring an additional 40,586 shares during the period. Institutional investors own 16.53% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TTE shares. Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Piper Sandler increased their price target on TotalEnergies from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Monday, August 18th. Finally, Scotiabank set a $65.00 price target on TotalEnergies and gave the stock a "sector perform" rating in a research note on Friday, July 11th. Three equities 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $66.95.

TotalEnergies Price Performance

TTE traded down $0.23 during trading on Friday, reaching $61.17. 1,998,493 shares of the company were exchanged, compared to its average volume of 1,649,352. The company's 50-day moving average is $61.66 and its two-hundred day moving average is $60.66. The company has a market cap of $146.67 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 1.07 and a beta of 0.59. 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 SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $69.81.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.05). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The business had revenue of $44.68 billion during the quarter, compared to analysts' expectations of $42.44 billion. Research analysts forecast 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. Investors 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 of this dividend was Wednesday, June 18th. TotalEnergies's dividend payout ratio (DPR) is currently 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.