Parkwood LLC Sells 10,198 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• Parkwood LLC reduced its stake in TotalEnergies SE by 9.8%, selling 10,198 shares and bringing its total holdings to 93,707 shares valued at approximately $6.06 million.
• TotalEnergies recently declared a dividend of $0.7108, with a payout ratio of 53.72% and a dividend yield of 454.0%.
• Following its latest earnings report, TotalEnergies missed earnings estimates but exceeded revenue expectations, reporting $1.57 earnings per share against a consensus of $1.62.

Parkwood LLC cut its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 9.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 93,707 shares of the company's stock after selling 10,198 shares during the quarter. Parkwood LLC's holdings in TotalEnergies were worth $6,062,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Price T Rowe Associates Inc. MD grew its position in shares of TotalEnergies by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company's stock valued at $278,366,000 after purchasing an additional 169,435 shares during the period. Federated Hermes Inc. lifted its stake in TotalEnergies by 23.1% in the 1st quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company's stock valued at $229,780,000 after acquiring an additional 665,620 shares in the last quarter. Raymond James Financial Inc. lifted its stake in TotalEnergies by 9.9% in the 1st quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company's stock valued at $203,566,000 after acquiring an additional 283,595 shares in the last quarter. Royal Bank of Canada lifted its stake in TotalEnergies by 6.4% in the 1st quarter. Royal Bank of Canada now owns 3,104,000 shares of the company's stock valued at $200,797,000 after acquiring an additional 186,562 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in TotalEnergies by 8.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,859,047 shares of the company's stock valued at $184,952,000 after acquiring an additional 210,566 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Up 0.6%

Shares of NYSE:TTE traded up $0.39 during trading on Tuesday, hitting $61.49. 911,205 shares of the company were exchanged, compared to its average volume of 1,184,593. The stock has a market cap of $147.43 billion, a price-to-earnings ratio of 11.16, a P/E/G ratio of 1.05 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $69.81. The firm has a fifty day moving average price of $61.72 and a two-hundred day moving average price of $60.65. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.05). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%.The business had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. As a group, research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, June 19th were paid 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 payout ratio is currently 53.72%.

Analysts Set New Price Targets

TTE has been the topic of several research reports. Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. HSBC restated a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. 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 research note on Monday, May 12th. Scotiabank set a $65.00 target price on TotalEnergies and gave the company a "sector perform" rating in a research note on Friday, July 11th. Finally, Piper Sandler increased their price target on TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Monday, August 18th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, TotalEnergies currently has an average rating of "Moderate Buy" and an average target price of $66.95.

TotalEnergies Company 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.