Stephens Inc. AR Increases Stake in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Stephens Inc. AR raised its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 22.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,183 shares of the company's stock after buying an additional 6,020 shares during the period. Stephens Inc. AR's holdings in TotalEnergies were worth $2,147,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TTE. Bank of America Corp DE lifted its position in shares of TotalEnergies by 121.1% during the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock valued at $416,828,000 after buying an additional 4,189,652 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of TotalEnergies by 41.7% during the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after buying an additional 1,672,387 shares in the last quarter. Royal Bank of Canada lifted its position in shares of TotalEnergies by 10.0% during the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock valued at $159,000,000 after buying an additional 265,251 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of 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 buying an additional 471,291 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of TotalEnergies by 8.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,859,047 shares of the company's stock valued at $184,952,000 after buying an additional 210,566 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TTE. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective on the stock in a research report on Monday, May 12th. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. HSBC reissued a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Finally, Scotiabank set a $65.00 price target on TotalEnergies and gave the stock a "sector perform" rating in a report on Friday. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.96.

TotalEnergies Stock Down 0.3%

Shares of TTE opened at $62.04 on Wednesday. The stock has a market capitalization of $148.75 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 1.24 and a beta of 0.57. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $70.50. The business's 50 day simple moving average is $60.59 and its 200-day simple moving average is $59.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.86.

TotalEnergies (NYSE:TTE - Get Free Report) last issued 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). The firm had revenue of $47.90 billion for the quarter, compared to analysts' expectations of $41.23 billion. TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. During the same period last year, the company earned $2.14 earnings per share. As a group, equities analysts expect 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. Stockholders of record on Thursday, June 19th were issued a dividend of $0.7108 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a dividend yield of 4.54%. TotalEnergies's dividend payout ratio (DPR) is 49.83%.

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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