Liberty Wealth Management LLC Acquires Shares of 17,162 TotalEnergies SE Sponsored ADR (NYSE:TTE)

Key Points

• Liberty Wealth Management LLC has made a significant new investment in TotalEnergies SE, acquiring 17,162 shares valued at approximately $1.11 million.
• Various hedge funds have increased or initiated positions in TotalEnergies, with ownership by institutional investors now at 16.53% of the company's stock.
• TotalEnergies has recently announced a dividend cut and reported earnings that missed estimates, impacting its stock performance and dividend yield.

Liberty Wealth Management LLC purchased 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 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,162 shares of the company's stock, valued at approximately $1,110,000.

Several other large investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its position in TotalEnergies by 3.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 138,235 shares of the company's stock worth $7,534,000 after acquiring an additional 4,588 shares during the period. World Investment Advisors raised its stake in shares of TotalEnergies by 90.1% during the 4th quarter. World Investment Advisors now owns 8,664 shares of the company's stock worth $474,000 after buying an additional 4,106 shares in the last quarter. Oarsman Capital Inc. raised its stake in shares of TotalEnergies by 13.6% during the 4th quarter. Oarsman Capital Inc. now owns 4,388 shares of the company's stock worth $239,000 after buying an additional 525 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of TotalEnergies during the 4th quarter worth approximately $1,154,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of TotalEnergies by 7.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,648,481 shares of the company's stock worth $144,342,000 after buying an additional 192,858 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Trading Up 1.2%

Shares of TTE stock traded up $0.74 during mid-day trading on Tuesday, hitting $60.23. 1,068,647 shares of the company's stock were exchanged, compared to its average volume of 1,459,426. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $70.50. The stock has a 50-day simple moving average of $61.22 and a two-hundred day simple moving average of $60.28. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The stock has a market cap of $144.41 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 1.03 and a beta of 0.59.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $1.62 by ($0.05). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The firm had revenue of $44.68 billion during the quarter, compared to analyst estimates of $42.44 billion. Equities analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 11th. Shareholders 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 yield of 454.0%. TotalEnergies's dividend payout ratio (DPR) is 53.72%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective for the company in a research note on Monday, May 12th. Scotiabank set a $65.00 price objective on TotalEnergies and gave the company a "sector perform" rating in a research note on Friday, July 11th. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Finally, Piper Sandler lowered their target price on TotalEnergies from $68.00 to $66.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.45.

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.