Strs Ohio Invests $18.50 Million in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Strs Ohio has invested approximately $18.50 million in TotalEnergies SE, acquiring 286,000 shares during the first quarter of the year.
• Research analysts have rated TotalEnergies with an average rating of "Moderate Buy", with a consensus target price of $66.95.
• TotalEnergies is experiencing volatility, having recently reported a miss in quarterly earnings and subsequently announced a dividend cut.

Strs Ohio acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 286,000 shares of the company's stock, valued at approximately $18,501,000.

Several other hedge funds have also made changes to their positions in TTE. Financial Management Professionals Inc. boosted its holdings in shares of TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after purchasing an additional 192 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of TotalEnergies during the fourth quarter worth $32,000. Inlight Wealth Management LLC acquired a new stake in shares of TotalEnergies during the first quarter worth $32,000. Costello Asset Management INC acquired a new stake in shares of TotalEnergies during the first quarter worth $32,000. Finally, SouthState Corp boosted its holdings in shares of TotalEnergies by 126.1% during the first quarter. SouthState Corp now owns 572 shares of the company's stock worth $37,000 after purchasing an additional 319 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TTE shares. Piper Sandler increased their target price on TotalEnergies from $66.00 to $68.00 and gave the stock a "neutral" rating in a research report on Monday, August 18th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Finally, Scotiabank set a $65.00 target price on TotalEnergies and gave the stock a "sector perform" rating in a research report on Friday, July 11th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $66.95.

TotalEnergies Trading Down 0.4%

NYSE:TTE opened at $61.17 on Friday. The business's 50-day moving average is $61.62 and its two-hundred day moving average is $60.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $69.81. The firm has a market capitalization of $146.67 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.05 and a beta of 0.59.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data 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 net margin of 6.20% and a return on equity of 13.59%. The company had revenue of $44.68 billion during the quarter, compared to analysts' expectations of $42.44 billion. Research analysts predict 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 given a dividend of $0.7108 per share. This represents a dividend yield of 454.0%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's payout ratio is presently 53.72%.

About TotalEnergies

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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