Thornburg Investment Management Inc. Buys 17,106 Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE)

Key Points

• Thornburg Investment Management Inc. increased its stake in TotalEnergies SE by 8.2%, owning 226,706 shares valued at approximately $14.67 million as of its most recent SEC filing.
• Several large investors, including Thrivent Financial and Franklin Resources, have also significantly increased their holdings in TotalEnergies during the last quarter, indicating strong institutional interest.
• TotalEnergies reported a miss in earnings per share of $1.57 compared to analysts' estimates of $1.62, while reporting revenues of $44.68 billion for the quarter.

Thornburg Investment Management Inc. increased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 8.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 226,706 shares of the company's stock after acquiring an additional 17,106 shares during the quarter. Thornburg Investment Management Inc.'s holdings in TotalEnergies were worth $14,666,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. grew its position in TotalEnergies by 65.8% in the 1st 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. Inlight Wealth Management LLC acquired a new stake in TotalEnergies in the 1st quarter worth $32,000. Bernard Wealth Management Corp. acquired a new stake in TotalEnergies in the 4th quarter worth $32,000. Arlington Trust Co LLC acquired a new stake in TotalEnergies in the 1st quarter worth $39,000. Finally, Opal Wealth Advisors LLC acquired a new stake in TotalEnergies in the 1st quarter worth $65,000. Institutional investors own 16.53% of the company's stock.

Analysts Set New Price Targets

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

TotalEnergies Price Performance

Shares of TotalEnergies stock traded down $0.41 during trading on Friday, hitting $59.14. 1,644,439 shares of the company's stock traded hands, compared to its average volume of 1,384,183. The company has a market cap of $141.80 billion, a PE ratio of 10.73, a PEG ratio of 1.04 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $70.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. The firm's fifty day moving average price is $61.18 and its 200 day moving average price is $60.26.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.05). The firm had revenue of $44.68 billion during the quarter, compared to analyst estimates of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. Analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were given a $0.7108 dividend. The ex-dividend date was Wednesday, June 18th. This represents a yield of 454.0%. TotalEnergies's payout ratio is 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.