Fullcircle Wealth LLC Acquires 4,489 Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE)

Fullcircle Wealth LLC lifted its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 105.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,737 shares of the company's stock after acquiring an additional 4,489 shares during the quarter. Fullcircle Wealth LLC's holdings in TotalEnergies were worth $525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Financial Management Professionals Inc. boosted its holdings 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 acquiring an additional 192 shares during the period. Bernard Wealth Management Corp. bought a new position in shares of TotalEnergies in the fourth quarter worth $32,000. Inlight Wealth Management LLC bought a new position in shares of TotalEnergies in the first quarter worth $32,000. Arlington Trust Co LLC bought a new position in shares of TotalEnergies in the first quarter worth $39,000. Finally, General Partner Inc. bought a new position in shares of TotalEnergies in the first quarter worth $65,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Down 3.6%

NYSE:TTE traded down $2.24 during mid-day trading on Monday, reaching $60.48. 1,805,062 shares of the company's stock traded hands, compared to its average volume of 1,664,155. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $70.64. The firm has a market capitalization of $145.01 billion, a price-to-earnings ratio of 10.18, 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. The company has a 50 day moving average price of $60.01 and a 200-day moving average price of $59.49.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The business had revenue of $47.90 billion for the quarter, compared to analysts' expectations of $41.23 billion. TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. During the same quarter in the prior year, the firm earned $2.14 EPS. On average, sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 11th. Shareholders of record on Thursday, June 19th will be given a dividend of $0.7108 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a yield of 4.54%. TotalEnergies's payout ratio is 57.24%.

Analysts Set New Price Targets

TTE has been the subject of a number of analyst reports. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a report on Monday, May 12th. HSBC reissued a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Finally, Scotiabank dropped their price objective on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $69.96.

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.