Kestra Advisory Services LLC Sells 8,532 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• Kestra Advisory Services LLC reduced its stake in TotalEnergies SE by 32.6%, selling 8,532 shares during the first quarter, now holding 17,623 shares valued at $1,140,000.
• Several institutional investors, including Financial Management Professionals Inc. and SouthState Corp, significantly increased their holdings in TotalEnergies, indicating renewed interest despite Kestra's divestment.
• TotalEnergies missed its earnings estimate for the last quarter, reporting $1.57 EPS against a consensus estimate of $1.62, while revenue exceeded expectations at $44.68 billion.

Kestra Advisory Services LLC cut its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 32.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,623 shares of the company's stock after selling 8,532 shares during the quarter. Kestra Advisory Services LLC's holdings in TotalEnergies were worth $1,140,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TTE. Bank of America Corp DE boosted its holdings in TotalEnergies by 121.1% during the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock worth $416,828,000 after buying an additional 4,189,652 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of TotalEnergies by 23.1% in the 1st quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company's stock worth $229,780,000 after acquiring an additional 665,620 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of TotalEnergies by 295.3% during the fourth quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company's stock worth $37,577,000 after purchasing an additional 515,088 shares during the period. Natixis Advisors LLC lifted its holdings in shares of TotalEnergies by 17.3% during the first quarter. Natixis Advisors LLC now owns 2,160,096 shares of the company's stock valued at $139,737,000 after purchasing an additional 318,225 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in TotalEnergies by 9.9% in the 1st quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company's stock worth $203,566,000 after purchasing an additional 283,595 shares in the last quarter. Institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Down 1.4%

NYSE:TTE traded down $0.90 during trading hours on Wednesday, reaching $61.69. The company's stock had a trading volume of 966,339 shares, compared to its average volume of 1,264,645. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. The company has a market cap of $147.92 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 1.07 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $69.81. The business's 50-day moving average is $61.74 and its 200-day moving average is $60.65.

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). The company had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. Equities research analysts predict 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 given a $0.7108 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a dividend yield of 454.0%. TotalEnergies's dividend payout ratio (DPR) is currently 53.72%.

Analyst Ratings Changes

A number of analysts have commented on TTE shares. Scotiabank set a $65.00 price objective on shares of TotalEnergies and gave the company a "sector perform" rating in a research note on Friday, July 11th. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price for the company in a research report on Monday, May 12th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Finally, Piper Sandler increased their price objective on TotalEnergies from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Monday, August 18th. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, TotalEnergies currently has a consensus rating of "Moderate Buy" and an average price target of $66.95.

About TotalEnergies

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.