SYM FINANCIAL Corp Acquires New Position in TotalEnergies SE Sponsored ADR (NYSE:TTE)

SYM FINANCIAL Corp purchased a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,872 shares of the company's stock, valued at approximately $315,000.

Several other institutional investors have also added to or reduced their stakes in TTE. Financial Management Professionals Inc. increased its stake in shares of TotalEnergies by 65.8% in 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 in the last quarter. Bernard Wealth Management Corp. purchased a new stake in shares of TotalEnergies in the fourth quarter worth $32,000. Inlight Wealth Management LLC purchased a new stake in shares of TotalEnergies in the first quarter worth $32,000. Arlington Trust Co LLC purchased a new stake in shares of TotalEnergies in the first quarter worth $39,000. Finally, General Partner Inc. purchased a new stake in shares of TotalEnergies in the first quarter worth $65,000. 16.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TTE. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Scotiabank set a $65.00 target price on shares of TotalEnergies and gave the company a "sector perform" rating in a research note on Friday, July 11th. Piper Sandler cut their target price on shares of TotalEnergies from $68.00 to $66.00 and set a "neutral" rating for the company in a research note on Friday, July 18th. Finally, Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price for the company in a research note on Monday, May 12th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $66.45.

TotalEnergies Trading Down 2.8%

Shares of TotalEnergies stock traded down $1.75 during trading on Thursday, hitting $60.63. The stock had a trading volume of 2,714,299 shares, compared to its average volume of 1,232,809. The firm's fifty day simple moving average is $61.02 and its 200-day simple moving average is $60.12. The stock has a market cap of $145.36 billion, a PE ratio of 10.21, a PEG ratio of 1.25 and a beta of 0.57. 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 SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $70.50.

TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). The firm had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. As a group, sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, June 19th were issued a $0.7108 dividend. The ex-dividend date was Wednesday, June 18th. This represents a dividend yield of 4.54%. TotalEnergies's dividend payout ratio (DPR) is presently 49.83%.

TotalEnergies 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.