Ritholtz Wealth Management lifted its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 6.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,321 shares of the company's stock after buying an additional 4,113 shares during the quarter. Ritholtz Wealth Management's holdings in TotalEnergies were worth $4,096,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of TotalEnergies by 121.1% during the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock worth $416,828,000 after acquiring an additional 4,189,652 shares during the last quarter. Franklin Resources Inc. raised its holdings 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. Royal Bank of Canada raised its holdings 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. Federated Hermes Inc. lifted its position in TotalEnergies by 19.5% during the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock valued at $157,309,000 after purchasing an additional 471,291 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of TotalEnergies in the 4th quarter valued at about $156,044,000. Institutional investors own 16.53% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday. HSBC restated a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Scotiabank lowered their price target on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Piper Sandler increased their price target on shares of TotalEnergies from $62.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Finally, BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.36.
Get Our Latest Stock Analysis on TotalEnergies
TotalEnergies Stock Down 1.6%
TotalEnergies stock traded down $0.99 during mid-day trading on Wednesday, reaching $61.99. The company's stock had a trading volume of 1,286,135 shares, compared to its average volume of 1,647,205. 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 SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $71.03. The business's 50 day simple moving average is $58.93 and its 200 day simple moving average is $58.93. The company has a market capitalization of $148.64 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 1.30 and a beta of 0.56.
TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. The company had revenue of $47.90 billion during the quarter, compared to the consensus estimate of $41.23 billion. During the same quarter in the previous year, the business earned $2.14 EPS. As a group, research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.
TotalEnergies Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, July 11th. Stockholders of record on Thursday, June 19th will be paid a dividend of $0.7108 per share. This represents a dividend yield of 4.54%. The ex-dividend date is Wednesday, June 18th. TotalEnergies's dividend payout ratio is currently 42.42%.
About TotalEnergies
(
Free Report)
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.
Further Reading
Before you consider TotalEnergies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TotalEnergies wasn't on the list.
While TotalEnergies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
