Kathmere Capital Management LLC Takes Position in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Kathmere Capital Management LLC purchased a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,659 shares of the company's stock, valued at approximately $301,000.

Several other hedge funds have also added to or reduced their stakes in the business. Financial Management Professionals Inc. raised its stake in shares of TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after acquiring an additional 192 shares during the last quarter. Bernard Wealth Management Corp. bought a new position in shares of TotalEnergies during the fourth quarter valued at about $32,000. Inlight Wealth Management LLC bought a new position in shares of TotalEnergies during the first quarter valued at about $32,000. Arlington Trust Co LLC bought a new position in shares of TotalEnergies during the first quarter valued at about $39,000. Finally, General Partner Inc. bought a new position in shares of TotalEnergies during the first quarter valued at about $65,000. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Down 0.2%

TTE traded down $0.12 during midday trading on Thursday, reaching $61.73. The company's stock had a trading volume of 1,270,189 shares, compared to its average volume of 1,668,319. The firm has a market capitalization of $148.01 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 1.24 and a beta of 0.57. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $70.50. The stock's 50-day moving average is $60.77 and its 200-day moving average is $59.90.

TotalEnergies (NYSE:TTE - Get Free Report) last posted 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). TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. The firm had revenue of $47.90 billion for the quarter, compared to analysts' expectations of $41.23 billion. During the same quarter in the previous year, the company earned $2.14 EPS. As a group, research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, June 19th were issued a dividend of $0.7108 per share. This represents a dividend yield of 4.54%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's payout ratio is 49.83%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TTE. Piper Sandler upped their price objective on shares of TotalEnergies from $65.00 to $68.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Morgan Stanley upgraded shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target on the stock in a research report on Monday, May 12th. Finally, Scotiabank set a $65.00 price target on shares of TotalEnergies and gave the company a "sector perform" rating in a research report on Friday, July 11th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, TotalEnergies presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.96.

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.