QRG Capital Management Inc. Grows Stock Holdings in TotalEnergies SE (NYSE:TTE)

QRG Capital Management Inc. boosted its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 13.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 165,495 shares of the company's stock after acquiring an additional 20,082 shares during the quarter. QRG Capital Management Inc.'s holdings in TotalEnergies were worth $10,706,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Sagespring Wealth Partners LLC increased its holdings in shares of TotalEnergies by 17.6% in the 1st quarter. Sagespring Wealth Partners LLC now owns 13,715 shares of the company's stock valued at $887,000 after purchasing an additional 2,053 shares in the last quarter. Adero Partners LLC increased its holdings in TotalEnergies by 11.7% in the first quarter. Adero Partners LLC now owns 4,210 shares of the company's stock valued at $272,000 after buying an additional 440 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of TotalEnergies during the 1st quarter valued at approximately $280,000. Janney Montgomery Scott LLC boosted its stake in shares of TotalEnergies by 7.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 166,993 shares of the company's stock worth $10,803,000 after acquiring an additional 11,972 shares in the last quarter. Finally, Mission Wealth Management LP increased its stake in TotalEnergies by 6.2% in the 1st quarter. Mission Wealth Management LP now owns 9,991 shares of the company's stock valued at $646,000 after purchasing an additional 582 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company's stock.

Analyst Ratings Changes

TTE has been the topic of a number of research analyst reports. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Finally, Scotiabank cut their price target on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, TotalEnergies presently has a consensus rating of "Moderate Buy" and an average price target of $69.36.

TotalEnergies Trading Up 2.1%

Shares of TTE stock traded up $1.29 during mid-day trading on Tuesday, hitting $63.86. 2,838,002 shares of the company's stock were exchanged, compared to its average volume of 1,647,640. The stock has a market cap of $153.11 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.98 and a beta of 0.56. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a fifty-two week low of $52.78 and a fifty-two week high of $71.03. The stock has a 50-day simple moving average of $58.79 and a two-hundred day simple moving average of $58.89.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). The business had revenue of $47.90 billion during the quarter, compared to analysts' expectations of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same quarter last year, the firm earned $2.14 EPS. Equities analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

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

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.