LPL Financial LLC Has $82.26 Million Holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Key Points

• LPL Financial LLC increased its stake in TotalEnergies SE by 9.2%, now owning 1,271,653 shares valued at approximately $82.26 million.
• Several large investors significantly increased their holdings in TotalEnergies, including Bank of America Corp DE, which grew its position by 121.1% during the fourth quarter.
• TotalEnergies recently reported earnings of $1.57 per share, missing analyst expectations, and also cut its dividend payout to a yield of 4.54%.

LPL Financial LLC boosted its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 9.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,271,653 shares of the company's stock after acquiring an additional 106,681 shares during the quarter. LPL Financial LLC owned 0.05% of TotalEnergies worth $82,263,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. increased its position in shares of TotalEnergies by 65.8% during 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 period. Bernard Wealth Management Corp. acquired a new position in shares of TotalEnergies during the 4th quarter valued at $32,000. Inlight Wealth Management LLC acquired a new position in shares of TotalEnergies during the 1st quarter valued at $32,000. Arlington Trust Co LLC bought a new stake in shares of TotalEnergies during the 1st quarter worth $39,000. Finally, General Partner Inc. bought a new stake in shares of TotalEnergies during the 1st quarter worth $65,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

TTE stock traded down $0.41 during trading on Friday, reaching $59.14. 1,644,439 shares of the stock were exchanged, compared to its average volume of 1,384,183. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $70.50. The company has a market capitalization of $141.80 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 1.03 and a beta of 0.59. The stock has a 50 day simple moving average of $61.18 and a 200-day simple moving average of $60.27. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40.

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

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were given a dividend of $0.7108 per share. The ex-dividend date was Wednesday, June 18th. This represents a dividend yield of 454.0%. TotalEnergies's payout ratio is presently 53.72%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Piper Sandler reduced their price objective on TotalEnergies from $68.00 to $66.00 and set a "neutral" rating for the company in a research note on Friday, July 18th. HSBC reissued a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. 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. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Finally, Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, TotalEnergies currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.45.

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.