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

A number of other hedge funds have also recently modified their holdings of the stock. Franklin Resources Inc. lifted its position in shares of TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after acquiring an additional 1,672,387 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of TotalEnergies in the first quarter valued at approximately $280,000. Leo Wealth LLC lifted its position in shares of TotalEnergies by 106.7% in the first quarter. Leo Wealth LLC now owns 20,931 shares of the company's stock valued at $1,354,000 after acquiring an additional 10,805 shares in the last quarter. Bank of Montreal Can lifted its position in shares of TotalEnergies by 13.9% in the fourth quarter. Bank of Montreal Can now owns 484,854 shares of the company's stock valued at $26,425,000 after acquiring an additional 59,256 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of TotalEnergies by 10.0% in the fourth quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock valued at $159,000,000 after purchasing an additional 265,251 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company's stock.

Analyst Upgrades and Downgrades

TTE has been the subject of several recent research reports. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. 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. BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Finally, Piper Sandler cut their target price on TotalEnergies from $68.00 to $66.00 and set a "neutral" rating for the company in a research note on Friday, July 18th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, TotalEnergies has an average rating of "Moderate Buy" and a consensus price target of $66.45.

TotalEnergies Stock Down 0.7%

NYSE:TTE traded down $0.41 during midday trading on Friday, reaching $59.14. The company had a trading volume of 1,644,439 shares, compared to its average volume of 1,384,183. The firm has a market capitalization of $141.80 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.03 and a beta of 0.59. The stock's fifty day simple moving average is $61.18 and its 200-day simple moving average is $60.27. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $70.50. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40.

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 analysts' consensus estimates of $1.62 by ($0.05). The company had revenue of $44.68 billion during the quarter, compared to analysts' expectations of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. On average, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

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

TotalEnergies Company 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.