Massachusetts Financial Services Co. MA increased its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 24.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,731 shares of the company's stock after purchasing an additional 33,496 shares during the period. Massachusetts Financial Services Co. MA's holdings in TotalEnergies were worth $11,109,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. increased its stake 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 acquiring an additional 192 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in TotalEnergies in the 4th quarter worth approximately $32,000. Inlight Wealth Management LLC bought a new stake in TotalEnergies in the 1st quarter worth approximately $32,000. Arlington Trust Co LLC bought a new stake in TotalEnergies in the 1st quarter worth approximately $39,000. Finally, General Partner Inc. bought a new position in shares of TotalEnergies during the 1st quarter valued at approximately $65,000. 16.53% of the stock is owned by hedge funds and other institutional investors.
TotalEnergies Stock Up 0.7%
Shares of TTE stock traded up $0.46 during mid-day trading on Tuesday, hitting $61.96. The stock had a trading volume of 726,025 shares, compared to its average volume of 1,712,132. 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 firm has a market capitalization of $148.55 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 1.24 and a beta of 0.57. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $70.50. The firm's 50-day moving average is $60.83 and its two-hundred day moving average is $60.02.
TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The company 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 quarter last year, the company earned $2.14 earnings per share. On average, 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. Investors of record on Thursday, June 19th were given a dividend of $0.7108 per share. This represents a yield of 4.54%. The ex-dividend date was Wednesday, June 18th. TotalEnergies's dividend payout ratio is currently 49.83%.
Wall Street Analysts Forecast Growth
TTE has been the topic of several analyst reports. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Piper Sandler cut their target price on TotalEnergies from $68.00 to $66.00 and set a "neutral" rating on the stock in a research report on Friday. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Finally, HSBC restated a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $66.45.
View Our Latest Stock Analysis on TTE
About TotalEnergies
(
Free Report)
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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