Intrust Bank NA Has $2.21 Million Position in 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 lifted its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,195 shares of the company's stock after purchasing an additional 5,460 shares during the period. Intrust Bank NA's holdings in TotalEnergies were worth $2,212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE lifted its position in TotalEnergies by 121.1% during the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock worth $416,828,000 after acquiring an additional 4,189,652 shares during the last quarter. Federated Hermes Inc. raised its position in shares of TotalEnergies by 23.1% during the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company's stock valued at $229,780,000 after buying an additional 665,620 shares during the last quarter. Northern Trust Corp raised its position in shares of TotalEnergies by 41.7% during the fourth quarter. Northern Trust Corp now owns 1,783,017 shares of the company's stock valued at $97,174,000 after buying an additional 524,314 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of TotalEnergies by 295.3% during the fourth quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company's stock valued at $37,577,000 after buying an additional 515,088 shares during the last quarter. Finally, Natixis Advisors LLC raised its position in shares of TotalEnergies by 17.3% during the first quarter. Natixis Advisors LLC now owns 2,160,096 shares of the company's stock valued at $139,737,000 after buying an additional 318,225 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

Wall Street Analyst Weigh In

TTE has been the subject of a number of research analyst reports. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective for the company in a research report on Monday, May 12th. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. HSBC reissued a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Finally, Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. 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. Based on data from MarketBeat, TotalEnergies has an average rating of "Moderate Buy" and a consensus target price of $66.45.

TotalEnergies Price Performance

Shares of TTE stock traded up $0.58 during trading hours on Friday, reaching $61.38. 1,710,731 shares of the company were exchanged, compared to its average volume of 1,481,380. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $70.50. The stock's fifty day moving average is $61.39 and its two-hundred day moving average is $60.32. The company has a market cap of $147.17 billion, a price-to-earnings ratio of 11.14, a P/E/G ratio of 1.07 and a beta of 0.59. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81.

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 analysts' consensus estimates of $1.62 by ($0.05). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. The company had revenue of $44.68 billion for the quarter, compared to analyst estimates of $42.44 billion. Sell-side 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. Stockholders of record on Thursday, June 19th were given a dividend of $0.7108 per share. This represents a dividend yield of 454.0%. The ex-dividend date was Wednesday, June 18th. TotalEnergies's dividend payout ratio is presently 53.72%.

About TotalEnergies

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.