Logan Capital Management Inc. Buys 8,025 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• Logan Capital Management Inc. has increased its holdings in TotalEnergies SE by 11.2%, acquiring an additional 8,025 shares during the first quarter, bringing their total to 79,911 shares valued at approximately $5.17 million.
• Multiple hedge funds have also been adjusting their stakes in TotalEnergies, with notable increases from firms like Faithward Advisors and Fred Alger Management, indicating growing institutional interest.
• TotalEnergies recently reported earnings of $1.57 per share, falling short of expectations, and announced a dividend yield of 454.0%, along with a payout ratio of 53.72%.

Logan Capital Management Inc. increased its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 11.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 79,911 shares of the company's stock after purchasing an additional 8,025 shares during the period. Logan Capital Management Inc.'s holdings in TotalEnergies were worth $5,169,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the business. Focus Partners Wealth increased its holdings in shares of TotalEnergies by 80.5% during the 4th quarter. Focus Partners Wealth now owns 29,035 shares of the company's stock worth $1,582,000 after purchasing an additional 12,947 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of TotalEnergies during the 4th quarter worth about $257,000. LRI Investments LLC increased its holdings in TotalEnergies by 304.8% during the 4th quarter. LRI Investments LLC now owns 4,574 shares of the company's stock valued at $249,000 after purchasing an additional 3,444 shares in the last quarter. Lazard Asset Management LLC lifted its position in TotalEnergies by 937.1% during the 4th quarter. Lazard Asset Management LLC now owns 2,043 shares of the company's stock worth $111,000 after buying an additional 1,846 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of TotalEnergies by 2.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 160,681 shares of the company's stock valued at $8,757,000 after purchasing an additional 4,095 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TTE shares. Scotiabank set a $65.00 target price on TotalEnergies and gave the stock a "sector perform" rating in a report on Friday, July 11th. Piper Sandler raised their target price on shares of TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Monday, August 18th. Finally, Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $66.95.

TotalEnergies Stock Performance

TTE traded down $0.23 during trading on Friday, hitting $61.17. 1,998,493 shares of the company traded hands, compared to its average volume of 1,649,352. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $69.81. The stock's fifty day moving average is $61.66 and its 200 day moving average is $60.66. 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 firm has a market cap of $146.67 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 1.07 and a beta of 0.59.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.05). The firm had revenue of $44.68 billion during 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%. As a group, equities analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal 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 issued a $0.7108 dividend. This represents a dividend yield of 454.0%. The ex-dividend date was Wednesday, June 18th. TotalEnergies's dividend payout ratio is presently 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.