Kathmere Capital Management LLC Acquires New Holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE)

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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Management Professionals Inc. lifted its stake in TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after purchasing an additional 192 shares during the last quarter. Inlight Wealth Management LLC bought a new position in TotalEnergies in the 1st quarter valued at approximately $32,000. Bernard Wealth Management Corp. bought a new position in TotalEnergies in the 4th quarter valued at approximately $32,000. Arlington Trust Co LLC bought a new position in TotalEnergies in the 1st quarter valued at approximately $39,000. Finally, Opal Wealth Advisors LLC bought a new position in TotalEnergies in the 1st quarter valued at approximately $65,000. Institutional investors own 16.53% of the company's stock.

TotalEnergies Trading Up 0.6%

TTE opened at $63.00 on Monday. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $70.50. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average of $60.40 and a 200-day moving average of $59.77. The stock has a market cap of $151.05 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 1.26 and a beta of 0.57.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. The firm had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. During the same quarter last year, the company earned $2.14 earnings per share. On average, sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, June 19th were given 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 dividend payout ratio (DPR) is presently 49.83%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Finally, Piper Sandler raised their price target 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. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $69.96.

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.

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