Liberty Wealth Management LLC Invests $1.11 Million in 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 acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,162 shares of the company's stock, valued at approximately $1,110,000.

Several other large investors have also added to or reduced their stakes in the stock. Financial Management Professionals Inc. grew its holdings in shares of TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after buying an additional 192 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of TotalEnergies during the fourth quarter worth $32,000. Inlight Wealth Management LLC purchased a new position in TotalEnergies in the first quarter valued at approximately $32,000. Arlington Trust Co LLC acquired a new stake in TotalEnergies in the first quarter valued at $39,000. Finally, Brentview Investment Management LLC acquired a new stake in shares of TotalEnergies in the 1st quarter worth about $45,000. Institutional investors own 16.53% of the company's stock.

Wall Street Analysts Forecast Growth

TTE has been the subject of several research analyst reports. Scotiabank set a $65.00 price objective on TotalEnergies and gave the stock a "sector perform" rating in a research note on Friday, July 11th. 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 report on Monday, May 12th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Finally, Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $66.45.

TotalEnergies Price Performance

Shares of TotalEnergies stock traded up $0.67 during trading hours on Thursday, hitting $60.87. The company's stock had a trading volume of 1,414,474 shares, compared to its average volume of 1,707,984. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $70.50. The business has a 50 day moving average price of $61.29 and a two-hundred day moving average price of $60.28. The company has a market cap of $145.96 billion, a PE ratio of 11.05, a PEG ratio of 1.05 and a beta of 0.59.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $44.68 billion during the quarter, compared to analysts' expectations of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. Analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were paid a dividend of $0.7108 per share. This represents a dividend yield of 454.0%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's dividend payout ratio (DPR) is currently 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.