Oppenheimer Asset Management Inc. Decreases Holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Oppenheimer Asset Management Inc. lessened its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 36.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,434 shares of the company's stock after selling 27,918 shares during the period. Oppenheimer Asset Management Inc.'s holdings in TotalEnergies were worth $3,198,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Franklin Resources Inc. grew its position in TotalEnergies by 41.7% during the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock worth $309,851,000 after purchasing an additional 1,672,387 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in TotalEnergies during the 1st quarter worth approximately $280,000. Bank of Montreal Can grew its position in TotalEnergies by 13.9% during the 4th quarter. Bank of Montreal Can now owns 484,854 shares of the company's stock worth $26,425,000 after purchasing an additional 59,256 shares during the last quarter. Royal Bank of Canada grew its position in TotalEnergies by 10.0% during the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock worth $159,000,000 after purchasing an additional 265,251 shares during the last quarter. Finally, Equity Investment Corp grew its position in TotalEnergies by 10.5% during the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock worth $112,193,000 after purchasing an additional 196,277 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Performance

NYSE TTE traded down $0.10 during mid-day trading on Friday, reaching $61.46. 1,546,964 shares of the stock were exchanged, compared to its average volume of 1,663,737. The business's 50 day moving average is $59.60 and its 200-day moving average is $59.13. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $71.03. The company has a market capitalization of $147.37 billion, a P/E ratio of 8.26, a P/E/G ratio of 1.28 and a beta of 0.56. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.07.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results 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). TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. The firm had revenue of $47.90 billion for the quarter, compared to analysts' expectations of $41.23 billion. During the same period last year, the company posted $2.14 earnings per share. On average, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 11th. Shareholders of record on Thursday, June 19th will be issued a dividend of $0.7108 per share. This represents a yield of 4.54%. The ex-dividend date is Wednesday, June 18th. TotalEnergies's payout ratio is 47.81%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TTE. Scotiabank dropped their target price on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective on the stock in a report on Monday, May 12th. Finally, BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, TotalEnergies presently has an average rating of "Moderate Buy" and an average price target of $69.36.

TotalEnergies Profile

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.