Natixis Advisors LLC Grows Stock Position in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Key Points

• Natixis Advisors LLC increased its holdings in TotalEnergies SE by 17.3%, acquiring an additional 318,225 shares, bringing its total to over 2.16 million shares valued at approximately $139.7 million.
• In the fourth quarter, several institutional investors, including Franklin Resources Inc. and Thrivent Financial for Lutherans, significantly raised their stakes in TotalEnergies, reflecting growing confidence in the company's potential.
• TotalEnergies reported a miss on earnings for the last quarter, with earnings per share of $1.57 compared to the consensus estimate of $1.62, while its revenue of $44.68 billion exceeded estimates of $42.44 billion.

Natixis Advisors LLC raised its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 17.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,160,096 shares of the company's stock after acquiring an additional 318,225 shares during the period. Natixis Advisors LLC owned approximately 0.09% of TotalEnergies worth $139,737,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Financial Management Professionals Inc. grew 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 valued at $31,000 after purchasing an additional 192 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in shares of TotalEnergies in the fourth quarter valued at approximately $32,000. Inlight Wealth Management LLC acquired a new position in shares of TotalEnergies in the first quarter valued at approximately $32,000. Arlington Trust Co LLC purchased a new position in TotalEnergies in the first quarter worth approximately $39,000. Finally, General Partner Inc. purchased a new position in TotalEnergies in the first quarter worth approximately $65,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

TTE traded down $0.23 during trading on Thursday, hitting $59.53. The stock had a trading volume of 1,371,883 shares, compared to its average volume of 1,381,339. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The firm has a market capitalization of $142.74 billion, a P/E ratio of 10.80, a PEG ratio of 1.04 and a beta of 0.57. The company's 50-day moving average price is $61.16 and its 200 day moving average price is $60.25. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $70.50.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings data 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). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The firm had revenue of $44.68 billion during the quarter, compared to analyst estimates of $42.44 billion. On average, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 11th. Investors of record on Thursday, June 19th were given a $0.7108 dividend. The ex-dividend date was Wednesday, June 18th. This represents a dividend yield of 454.0%. TotalEnergies's payout ratio is currently 53.72%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Scotiabank set a $65.00 price target on shares of TotalEnergies and gave the stock a "sector perform" rating in a research note on Friday, July 11th. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. 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 equities research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $66.45.

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.