Sowell Financial Services LLC Buys Shares of 4,324 TotalEnergies SE Sponsored ADR (NYSE:TTE)

Sowell Financial Services LLC bought a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,324 shares of the company's stock, valued at approximately $280,000.

Other hedge funds have also added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its holdings in TotalEnergies by 9.1% in the 4th quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company's stock worth $121,000 after buying an additional 184 shares during the period. J2 Capital Management Inc raised its position in shares of TotalEnergies by 3.3% during the 1st quarter. J2 Capital Management Inc now owns 5,954 shares of the company's stock valued at $385,000 after buying an additional 191 shares in the last quarter. Financial Management Professionals Inc. raised its position in shares of TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after buying an additional 192 shares in the last quarter. Ipswich Investment Management Co. Inc. raised its position in shares of TotalEnergies by 0.9% during the 1st quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company's stock valued at $1,483,000 after buying an additional 200 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of TotalEnergies by 5.4% during the 1st quarter. UMB Bank n.a. now owns 3,936 shares of the company's stock valued at $255,000 after buying an additional 201 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 1.0%

Shares of NYSE TTE opened at $62.64 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.86. The company has a market capitalization of $150.18 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 1.30 and a beta of 0.56. The firm's 50-day moving average is $59.31 and its two-hundred day moving average is $59.04. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $71.03.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. The business had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. During the same period in the previous year, the company earned $2.14 EPS. Equities analysts anticipate 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 paid a dividend of $0.7108 per share. The ex-dividend date is Wednesday, June 18th. This represents a yield of 4.54%. TotalEnergies's dividend payout ratio (DPR) is 47.81%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TTE. HSBC reissued a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price on the stock in a research report on Monday, May 12th. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Piper Sandler increased their price objective on shares of TotalEnergies from $62.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Finally, Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $69.36.

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.

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