Intrust Bank NA Acquires 5,460 Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE)

Key Points

• Intrust Bank NA increased its holdings in TotalEnergies SE by 19% during the first quarter, owning 34,195 shares valued at approximately $2.2 million.
• Analysts have upgraded TotalEnergies, with ratings ranging from "hold" to "buy", and an average price target of $66.45.
• TotalEnergies recently reported a missed EPS estimate of $1.57, alongside quarterly revenue of $44.68 billion, exceeding analyst expectations.

Intrust Bank NA increased its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 19.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,195 shares of the company's stock after buying an additional 5,460 shares during the period. Intrust Bank NA's holdings in TotalEnergies were worth $2,212,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Financial Management Professionals Inc. increased its stake 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 purchasing an additional 192 shares in the last quarter. Bernard Wealth Management Corp. purchased a new position in shares of TotalEnergies in the fourth quarter worth about $32,000. Inlight Wealth Management LLC purchased a new position in shares of TotalEnergies in the first quarter worth about $32,000. Costello Asset Management INC purchased a new position in shares of TotalEnergies in the first quarter worth about $32,000. Finally, Arlington Trust Co LLC purchased a new position in shares of TotalEnergies in the first quarter worth about $39,000. Hedge funds and other institutional investors own 16.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TTE shares. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Scotiabank set a $65.00 target price 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. Piper Sandler reduced their price objective on shares of TotalEnergies from $68.00 to $66.00 and set a "neutral" rating for the company in a research note on Friday, July 18th. Finally, BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Four investment 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.45.

TotalEnergies Price Performance

TotalEnergies stock traded up $0.58 during mid-day trading on Friday, hitting $61.38. 1,710,731 shares of the company traded hands, compared to its average volume of 1,481,380. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $70.50. The stock has a market cap of $147.17 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 1.06 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. The stock has a fifty day moving average price of $61.39 and a 200-day moving average price of $60.31.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its earnings results 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 company had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. On average, equities analysts predict 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. Shareholders of record on Thursday, June 19th were given a dividend of $0.7108 per share. The ex-dividend date was Wednesday, June 18th. This represents a yield of 454.0%. TotalEnergies's payout ratio is presently 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.