Northern Trust Corp Has $121.38 Million Stock Position in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Northern Trust Corp increased its stake in TotalEnergies SE by 5.2%, owning approximately 1,876,331 shares valued at $121.38 million.
• Analysts have given TotalEnergies a consensus rating of "Moderate Buy"', with three analysts rating it as a Strong Buy and a price target averaging $66.95.
• TotalEnergies recently reported $1.57 earnings per share, falling short of estimates, and adjusted its dividend payout ratio to 53.72%, reflecting ongoing financial adjustments.

Northern Trust Corp lifted its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 5.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,876,331 shares of the company's stock after acquiring an additional 93,314 shares during the quarter. Northern Trust Corp owned approximately 0.08% of TotalEnergies worth $121,380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TTE. Financial Management Professionals Inc. boosted its stake in shares of 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 acquiring an additional 192 shares during the period. Bernard Wealth Management Corp. bought a new position in shares of TotalEnergies during the 4th quarter worth approximately $32,000. Inlight Wealth Management LLC bought a new position in shares of TotalEnergies during the 1st quarter worth approximately $32,000. Costello Asset Management INC bought a new position in shares of TotalEnergies during the 1st quarter worth approximately $32,000. Finally, SouthState Corp boosted its stake in shares of TotalEnergies by 126.1% during the 1st quarter. SouthState Corp now owns 572 shares of the company's stock worth $37,000 after acquiring an additional 319 shares during the period. 16.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TTE. Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Scotiabank set a $65.00 price target on TotalEnergies and gave the company a "sector perform" rating in a research note on Friday, July 11th. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a research note on Monday, May 12th. Finally, HSBC restated a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, TotalEnergies currently has an average rating of "Moderate Buy" and a consensus target price of $66.95.

TotalEnergies Stock Performance

NYSE:TTE opened at $64.0850 on Friday. The stock has a fifty day moving average price of $61.69 and a 200-day moving average price of $60.57. The company has a market cap of $153.66 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.09 and a beta of 0.59. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $70.50.

TotalEnergies (NYSE:TTE - Get Free Report) last released its 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 company had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. As a group, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.