Bank of New York Mellon Corp grew its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 5.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 640,291 shares of the company's stock after acquiring an additional 34,683 shares during the period. Bank of New York Mellon Corp's holdings in TotalEnergies were worth $41,420,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. J2 Capital Management Inc boosted its holdings in shares of TotalEnergies by 3.3% in the 1st quarter. J2 Capital Management Inc now owns 5,954 shares of the company's stock valued at $385,000 after acquiring an additional 191 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after acquiring an additional 192 shares during the last quarter. Ipswich Investment Management Co. Inc. boosted its holdings in shares of TotalEnergies by 0.9% in 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. UMB Bank n.a. boosted its holdings in shares of TotalEnergies by 5.4% in 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. Finally, Columbus Macro LLC boosted its holdings in shares of TotalEnergies by 0.5% in the 1st quarter. Columbus Macro LLC now owns 38,407 shares of the company's stock valued at $2,485,000 after acquiring an additional 201 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.
TotalEnergies Price Performance
NYSE:TTE traded down $0.12 during trading hours on Thursday, reaching $61.73. 1,270,189 shares of the company were exchanged, compared to its average volume of 1,668,319. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. The stock's 50-day moving average is $60.77 and its 200-day moving average is $59.90. The firm has a market cap of $148.01 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 1.24 and a beta of 0.57. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $70.50.
TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The company had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. During the same quarter in the prior year, the company posted $2.14 earnings per share. On average, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.
TotalEnergies Cuts Dividend
The business also recently disclosed 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. This represents a yield of 4.54%. The ex-dividend date was Wednesday, June 18th. TotalEnergies's dividend payout ratio is presently 49.83%.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Piper Sandler lifted their price objective on shares of TotalEnergies from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Finally, 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 report on Monday, May 12th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $70.96.
Check Out Our Latest Analysis on TotalEnergies
TotalEnergies Company Profile
(
Free Report)
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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