Jump Financial LLC Takes Position in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Jump Financial LLC purchased 7,377 shares of TotalEnergies SE, valued at approximately $477,000, indicating strong institutional interest in the stock.
• TotalEnergies reported a missed earnings estimate with earnings per share (EPS) of $1.57, falling short of expectations by $0.05, although its revenue exceeded estimates at $44.68 billion.
• The company has recently cut its dividend to a payout of $0.7108 per share, with a current yield of 454.0%, reflecting a dividend payout ratio of 53.72%.

Jump Financial LLC acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,377 shares of the company's stock, valued at approximately $477,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mayflower Financial Advisors LLC grew its stake in TotalEnergies by 1.2% during the 1st quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company's stock worth $947,000 after buying an additional 176 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of TotalEnergies by 1.9% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 9,814 shares of the company's stock valued at $635,000 after acquiring an additional 185 shares during the period. J2 Capital Management Inc raised its position in TotalEnergies by 3.3% in the 1st quarter. J2 Capital Management Inc now owns 5,954 shares of the company's stock valued at $385,000 after purchasing an additional 191 shares during the last quarter. Financial Management Professionals Inc. boosted its stake in 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. Finally, Ipswich Investment Management Co. Inc. grew its position in TotalEnergies by 0.9% during the 1st quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company's stock worth $1,483,000 after purchasing an additional 200 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Scotiabank set a $65.00 target price on TotalEnergies and gave the company a "sector perform" rating in a report on Friday, July 11th. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a report on Monday, May 12th. HSBC reissued a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Finally, Piper Sandler raised their target price on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Monday, August 18th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $66.95.

TotalEnergies Price Performance

Shares of TTE traded down $0.90 on Wednesday, reaching $61.69. The stock had a trading volume of 966,339 shares, compared to its average volume of 1,264,645. The firm has a 50-day moving average of $61.74 and a 200 day moving average of $60.65. The firm has a market capitalization of $147.92 billion, a PE ratio of 11.20, a PEG ratio of 1.07 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $69.81. 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 (NYSE:TTE - Get Free Report) last released its quarterly earnings results 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). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%.The firm had revenue of $44.68 billion for the quarter, compared to analyst estimates of $42.44 billion. Sell-side analysts expect 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 dividend of $0.7108 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a 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.