Wealth Enhancement Advisory Services LLC Purchases 18,446 Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE)

Wealth Enhancement Advisory Services LLC increased its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 34.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,856 shares of the company's stock after buying an additional 18,446 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in TotalEnergies were worth $4,648,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its holdings in shares of TotalEnergies by 9.1% during the fourth quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company's stock valued at $121,000 after buying an additional 184 shares during the last quarter. IFP Advisors Inc boosted its position in shares of TotalEnergies by 25.8% during the fourth quarter. IFP Advisors Inc now owns 2,080 shares of the company's stock valued at $113,000 after buying an additional 426 shares during the last quarter. DMKC Advisory Services LLC purchased a new position in TotalEnergies in the 4th quarter worth about $1,585,000. Argonautica Private Wealth Management Inc. increased its position in TotalEnergies by 7.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 5,611 shares of the company's stock valued at $306,000 after acquiring an additional 409 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in TotalEnergies in the fourth quarter valued at about $78,000. Institutional investors own 16.53% of the company's stock.

Wall Street Analyst Weigh In

TTE has been the topic of several recent research reports. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. HSBC restated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, Scotiabank dropped their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.36.

TotalEnergies Trading Down 0.2%

NYSE TTE traded down $0.10 during trading on Friday, hitting $61.46. The stock had a trading volume of 1,546,964 shares, compared to its average volume of 1,663,737. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $71.03. The stock has a 50 day simple moving average of $59.60 and a 200 day simple moving average of $59.13. The stock has a market capitalization of $147.37 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 1.28 and a beta of 0.56. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.07.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The business had revenue of $47.90 billion for the quarter, compared to the consensus estimate of $41.23 billion. TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. During the same period in the prior year, the business posted $2.14 earnings per share. Sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 11th. Stockholders of record on Thursday, June 19th will be issued a $0.7108 dividend. This represents a dividend yield of 4.54%. The ex-dividend date is Wednesday, June 18th. TotalEnergies's payout ratio is presently 47.81%.

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.