National Bank of Canada FI Sells 5,212 Shares of TotalEnergies SE Sponsored ADR $TTE

National Bank of Canada FI reduced its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 6.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,387 shares of the company's stock after selling 5,212 shares during the quarter. National Bank of Canada FI's holdings in TotalEnergies were worth $4,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Mayflower Financial Advisors LLC grew its stake in shares of TotalEnergies by 1.2% during the first quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company's stock valued at $947,000 after buying an additional 176 shares during the last quarter. J2 Capital Management Inc grew its stake in shares of TotalEnergies by 3.3% during the first quarter. J2 Capital Management Inc now owns 5,954 shares of the company's stock valued at $385,000 after buying an additional 191 shares during the last quarter. Financial Management Professionals Inc. grew its stake in shares of TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after buying an additional 192 shares during the last quarter. Ipswich Investment Management Co. Inc. grew its stake in shares of TotalEnergies by 0.9% during the first quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company's stock valued at $1,483,000 after buying an additional 200 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of TotalEnergies by 5.4% during the first quarter. UMB Bank n.a. now owns 3,936 shares of the company's stock valued at $255,000 after buying an additional 201 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Piper Sandler reaffirmed a "neutral" rating and set a $68.00 price target (up previously from $66.00) on shares of TotalEnergies in a research report on Monday. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Scotiabank set a $65.00 price target on TotalEnergies and gave the company a "sector perform" rating in a research report on Friday, July 11th. Finally, HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, TotalEnergies currently has an average rating of "Moderate Buy" and an average price target of $66.95.

TotalEnergies Stock Down 0.8%

Shares of TotalEnergies stock traded down $0.49 during midday trading on Monday, hitting $61.76. The company had a trading volume of 536,319 shares, compared to its average volume of 1,688,270. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The stock has a market capitalization of $148.07 billion, a P/E ratio of 11.20, a P/E/G ratio of 1.08 and a beta of 0.59. The company has a 50 day moving average of $61.59 and a 200 day moving average of $60.44. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $70.50.

TotalEnergies (NYSE:TTE - Get Free Report) last posted 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 company had revenue of $44.68 billion during the quarter, compared to analysts' expectations of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. On average, equities analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 11th. Investors 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 yield of 454.0%. TotalEnergies's dividend payout ratio is 53.72%.

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.