TotalEnergies SE Sponsored ADR (NYSE:TTE) Shares Bought by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC increased its holdings in TotalEnergies SE by 20.3% during the first quarter, bringing its total ownership to 33,136 shares valued at approximately $2.14 million.
• TotalEnergies reported an EPS of $1.57 for the last quarter, missing estimates, while its revenue reached $44.68 billion, exceeding expectations.
• Research analysts have generally rated TotalEnergies with a consensus price target of $66.45, indicating a moderate buy sentiment with upgrades and downgrades from various firms.

Townsquare Capital LLC raised its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 20.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,136 shares of the company's stock after purchasing an additional 5,582 shares during the quarter. Townsquare Capital LLC's holdings in TotalEnergies were worth $2,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Zions Bancorporation National Association UT acquired a new position in shares of TotalEnergies during the first quarter valued at approximately $11,971,000. Citigroup Inc. increased its stake in shares of TotalEnergies by 44.1% during the first quarter. Citigroup Inc. now owns 634,674 shares of the company's stock valued at $41,057,000 after acquiring an additional 194,325 shares during the period. Deutsche Bank AG increased its stake in shares of TotalEnergies by 3.9% during the first quarter. Deutsche Bank AG now owns 6,613 shares of the company's stock valued at $428,000 after acquiring an additional 247 shares during the period. Blue Barn Wealth LLC increased its stake in shares of TotalEnergies by 6.9% during the first quarter. Blue Barn Wealth LLC now owns 4,349 shares of the company's stock valued at $281,000 after acquiring an additional 280 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of TotalEnergies by 29.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 177,857 shares of the company's stock valued at $11,505,000 after acquiring an additional 40,277 shares during the period. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Stock Performance

Shares of TTE opened at $61.65 on Wednesday. The company has a market capitalization of $147.82 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.06 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $70.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. The company's fifty day moving average price is $61.43 and its 200 day moving average price is $60.36.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.05). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. The firm had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. As a group, analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

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

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Scotiabank set a $65.00 target price on shares of TotalEnergies and gave the stock a "sector perform" rating in a report on Friday, July 11th. Finally, Piper Sandler reduced their target price on shares of TotalEnergies from $68.00 to $66.00 and set a "neutral" rating for the company in a report on Friday, July 18th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.

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