May Hill Capital LLC Purchases New Holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE)

May Hill Capital LLC acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,659 shares of the company's stock, valued at approximately $301,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its position in TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after purchasing an additional 192 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in TotalEnergies during the 1st quarter worth approximately $32,000. Bernard Wealth Management Corp. purchased a new position in shares of TotalEnergies during the 4th quarter valued at $32,000. Arlington Trust Co LLC purchased a new position in shares of TotalEnergies during the 1st quarter valued at $39,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of TotalEnergies during the 1st quarter valued at $65,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TTE shares. Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. HSBC restated 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 report on Monday, June 16th. BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Finally, Piper Sandler boosted their price target on shares of TotalEnergies from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, TotalEnergies presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.96.

TotalEnergies Stock Performance

Shares of NYSE TTE traded up $0.39 during mid-day trading on Friday, hitting $63.00. The company had a trading volume of 1,148,843 shares, compared to its average volume of 1,667,468. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.86. The business's 50-day simple moving average is $60.40 and its 200-day simple moving average is $59.69. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $70.50. The firm has a market cap of $151.05 billion, a P/E ratio of 10.61, a PEG ratio of 1.25 and a beta of 0.57.

TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. The company had revenue of $47.90 billion during the quarter, compared to the consensus estimate of $41.23 billion. During the same quarter in the previous year, the business posted $2.14 EPS. As a group, analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 11th. Stockholders of record on Thursday, June 19th will be issued a dividend of $0.7108 per share. This represents a dividend yield of 4.54%. The ex-dividend date of this dividend is Wednesday, June 18th. TotalEnergies's payout ratio is 49.83%.

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.