TotalEnergies SE Sponsored ADR (NYSE:TTE) Shares Bought by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. increased its holdings in TotalEnergies SE by 6.4%, acquiring an additional 45,173 shares during the first quarter, bringing its total to 754,422 shares valued at approximately $48.8 million.
• TotalEnergies faced a miss in quarterly EPS, reporting $1.57 against expectations of $1.62, despite achieving $44.68 billion in revenue, surpassing estimates.
• The company declared a dividend of $0.7108 per share with a yield of 4.54%, while its current dividend payout ratio stands at 49.83%.

Pacer Advisors Inc. increased its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 754,422 shares of the company's stock after buying an additional 45,173 shares during the period. Pacer Advisors Inc.'s holdings in TotalEnergies were worth $48,804,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TTE. Financial Management Professionals Inc. raised its position in TotalEnergies by 65.8% in 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 during the period. Bernard Wealth Management Corp. acquired a new position in TotalEnergies during the fourth quarter valued at approximately $32,000. Inlight Wealth Management LLC bought a new stake in TotalEnergies during the first quarter valued at $32,000. Arlington Trust Co LLC acquired a new stake in TotalEnergies in the first quarter worth about $39,000. Finally, General Partner Inc. 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 institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price for the company in a research note on Monday, May 12th. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. HSBC reissued a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Finally, Scotiabank set a $65.00 target price on TotalEnergies and gave the stock a "sector perform" rating in a report on Friday, July 11th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, TotalEnergies has an average rating of "Moderate Buy" and a consensus target price of $66.45.

TotalEnergies Stock Performance

TTE stock traded down $1.39 during trading hours on Wednesday, hitting $60.07. 302,983 shares of the stock were exchanged, compared to its average volume of 1,717,548. The firm has a market capitalization of $144.03 billion, a P/E ratio of 10.90, a P/E/G ratio of 1.06 and a beta of 0.57. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The company has a 50-day simple moving average of $61.11 and a two-hundred day simple moving average of $60.23. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $70.50.

TotalEnergies (NYSE:TTE - Get Free Report) last released 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 business had revenue of $44.68 billion during the quarter, compared to analysts' expectations of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. On average, analysts forecast 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 was paid on Friday, July 11th. Investors of record on Thursday, June 19th were paid a $0.7108 dividend. The ex-dividend date was Wednesday, June 18th. This represents a yield of 4.54%. TotalEnergies's dividend payout ratio (DPR) is currently 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.