Miller Howard Investments Inc. NY lifted its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 797,687 shares of the company's stock after acquiring an additional 20,711 shares during the quarter. TotalEnergies accounts for 1.6% of Miller Howard Investments Inc. NY's portfolio, making the stock its 22nd largest position. Miller Howard Investments Inc. NY's holdings in TotalEnergies were worth $51,602,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Aaron Wealth Advisors LLC increased its position in shares of TotalEnergies by 12.6% during the first quarter. Aaron Wealth Advisors LLC now owns 12,975 shares of the company's stock worth $839,000 after acquiring an additional 1,455 shares during the period. First Bank & Trust grew its holdings in TotalEnergies by 17.3% in the first quarter. First Bank & Trust now owns 66,225 shares of the company's stock worth $4,284,000 after purchasing an additional 9,790 shares during the last quarter. FSM Wealth Advisors LLC increased its position in TotalEnergies by 10.1% during the 1st quarter. FSM Wealth Advisors LLC now owns 6,205 shares of the company's stock valued at $401,000 after buying an additional 570 shares in the last quarter. DAVENPORT & Co LLC raised its position in shares of TotalEnergies by 13.4% in the 1st quarter. DAVENPORT & Co LLC now owns 135,275 shares of the company's stock valued at $8,751,000 after purchasing an additional 16,035 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its holdings in shares of TotalEnergies by 7.4% in the first quarter. Koshinski Asset Management Inc. now owns 3,986 shares of the company's stock worth $258,000 after buying an additional 273 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company's stock.
TotalEnergies Trading Down 0.6%
TTE stock traded down $0.38 during midday trading on Friday, hitting $63.11. 1,315,049 shares of the company's stock were exchanged, compared to its average volume of 1,663,588. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $70.64. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $151.32 billion, a PE ratio of 10.62, a P/E/G ratio of 1.25 and a beta of 0.57. The business has a 50-day simple moving average of $60.01 and a two-hundred day simple moving average of $59.45.
TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The business had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. During the same period in the previous year, the business posted $2.14 earnings per share. On average, sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.
TotalEnergies Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, July 11th. Shareholders of record on Thursday, June 19th will be given 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 dividend payout ratio is presently 47.81%.
Wall Street Analysts Forecast Growth
TTE has been the subject of a number of research reports. Scotiabank decreased their target price on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Finally, Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price on the stock in a report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $69.96.
View Our Latest Research Report on TotalEnergies
About TotalEnergies
(
Free Report)
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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