Bank of New York Mellon Corp increased its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 5.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 640,291 shares of the company's stock after purchasing an additional 34,683 shares during the quarter. Bank of New York Mellon Corp's holdings in TotalEnergies were worth $41,420,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. J2 Capital Management Inc increased its position in shares of TotalEnergies by 3.3% during the 1st quarter. J2 Capital Management Inc now owns 5,954 shares of the company's stock worth $385,000 after purchasing an additional 191 shares during the last quarter. Financial Management Professionals Inc. grew its position in 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 in the last quarter. Ipswich Investment Management Co. Inc. grew its position in 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 in the last quarter. UMB Bank n.a. grew its position in 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 in the last quarter. Finally, Columbus Macro LLC grew its position in 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 in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
TTE has been the subject of several research reports. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Scotiabank dropped their target price on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price for the company in a research report on Monday, May 12th. Finally, Piper Sandler lifted their target price on TotalEnergies from $65.00 to $68.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $69.96.
Check Out Our Latest Report on TTE
TotalEnergies Stock Performance
Shares of TotalEnergies stock opened at $63.00 on Monday. The business has a 50-day simple moving average of $60.40 and a 200-day simple moving average of $59.77. The company has a market cap of $151.05 billion, a PE ratio of 10.61, a P/E/G ratio of 1.26 and a beta of 0.57. 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 0.38, a quick ratio of 0.86 and a current ratio of 1.07.
TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). The business had revenue of $47.90 billion for the quarter, compared to analysts' expectations 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 previous year, the firm earned $2.14 EPS. On average, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.
TotalEnergies Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, July 11th. Investors of record on Thursday, June 19th were paid a dividend of $0.7108 per share. This represents a yield of 4.54%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's payout ratio is 49.83%.
TotalEnergies Profile
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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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