Martin Capital Partners LLC Has $3.91 Million Holdings in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Martin Capital Partners LLC significantly increased its stake in TotalEnergies SE by 211.7%, now holding 63,764 shares worth approximately $3.91 million.
• TotalEnergies recently reported earnings per share of $1.57, missing analyst estimates by 5 cents, with quarterly revenues of $44.68 billion.
• Analysts have set a consensus price target of $66.95 for TotalEnergies, reflecting a mix of ratings including three Strong Buy and seven Buy ratings.

Martin Capital Partners LLC increased its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 211.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,764 shares of the company's stock after purchasing an additional 43,309 shares during the period. Martin Capital Partners LLC's holdings in TotalEnergies were worth $3,914,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of TotalEnergies by 4.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company's stock valued at $278,366,000 after purchasing an additional 169,435 shares during the last quarter. Federated Hermes Inc. lifted its position in TotalEnergies by 23.1% during the 1st quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company's stock worth $229,780,000 after buying an additional 665,620 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of TotalEnergies by 53.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company's stock worth $209,112,000 after buying an additional 1,119,406 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of TotalEnergies by 9.9% in the 1st quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company's stock valued at $203,566,000 after acquiring an additional 283,595 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of TotalEnergies by 6.4% in the first quarter. Royal Bank of Canada now owns 3,104,000 shares of the company's stock valued at $200,797,000 after acquiring an additional 186,562 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $61.17 on Monday. The business's 50 day moving average price is $61.62 and its two-hundred day moving average price is $60.67. The company has a market cap of $146.67 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.05 and a beta of 0.59. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $69.81.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly 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). The business had revenue of $44.68 billion for 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%. On average, analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The company also recently announced 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 is presently 53.72%.

Analysts Set New Price Targets

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

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