Cambiar Investors LLC Has $15.11 Million Stock Position in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Cambiar Investors LLC increased its stake in TotalEnergies SE by 27% during the first quarter, owning 233,532 shares valued at approximately $15.1 million.
• TotalEnergies reported a miss in quarterly earnings with $1.57 per share, falling short of analysts' estimates of $1.62, despite revenue surpassing expectations at $44.68 billion.
• The company recently announced a dividend of $0.7108 per share, which reflects a high yield of 454.0% and a payout ratio of 53.72%.

Cambiar Investors LLC boosted its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 27.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 233,532 shares of the company's stock after acquiring an additional 49,678 shares during the period. Cambiar Investors LLC's holdings in TotalEnergies were worth $15,107,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in TTE. Mayflower Financial Advisors LLC lifted its holdings in TotalEnergies by 1.2% during the 1st quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company's stock worth $947,000 after buying an additional 176 shares in the last quarter. J2 Capital Management Inc lifted its holdings in TotalEnergies by 3.3% during the 1st quarter. J2 Capital Management Inc now owns 5,954 shares of the company's stock worth $385,000 after buying an additional 191 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after buying an additional 192 shares in the last quarter. Ipswich Investment Management Co. Inc. raised its position in shares of TotalEnergies by 0.9% during the 1st quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company's stock valued at $1,483,000 after acquiring an additional 200 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of TotalEnergies by 5.4% during the 1st quarter. UMB Bank n.a. now owns 3,936 shares of the company's stock valued at $255,000 after acquiring an additional 201 shares during the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Up 0.5%

NYSE TTE traded up $0.33 on Thursday, reaching $63.43. The company had a trading volume of 1,195,417 shares, compared to its average volume of 1,688,357. The firm has a market capitalization of $152.08 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.07 and a beta of 0.59. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $70.50. The company's fifty day moving average is $61.67 and its 200-day moving average is $60.49.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $1.57 earnings per share 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 analyst estimates of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. On average, research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

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

Wall Street Analyst Weigh In

Several analysts have commented on TTE shares. Piper Sandler upped their target price on shares of TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Monday. Morgan Stanley upgraded shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price for the company 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. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. 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. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, TotalEnergies currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.95.

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.