HB Wealth Management LLC Has $1.35 Million Stock Holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Key Points

• HB Wealth Management LLC increased its holdings in TotalEnergies SE by 35.1%, acquiring 5,434 additional shares for a total of 20,915 shares valued at approximately $1,353,000.
• TotalEnergies' stock recently traded at $59.80 after a decrease of $1.66, with a market cap of $143.38 billion and a P/E ratio of 10.85.
• The company announced a dividend of $0.7108 per share, representing a yield of 4.54%, with a dividend payout ratio of 53.72%.

HB Wealth Management LLC boosted its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 35.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,915 shares of the company's stock after purchasing an additional 5,434 shares during the period. HB Wealth Management LLC's holdings in TotalEnergies were worth $1,353,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of TotalEnergies by 121.1% during the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock valued at $416,828,000 after acquiring an additional 4,189,652 shares in the last quarter. Franklin Resources Inc. increased its stake in TotalEnergies by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after purchasing an additional 1,672,387 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of TotalEnergies by 10.0% in the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock valued at $159,000,000 after buying an additional 265,251 shares during the period. Federated Hermes Inc. grew its position in shares of TotalEnergies by 19.5% during the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock valued at $157,309,000 after buying an additional 471,291 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in TotalEnergies by 8.0% during the first quarter. Envestnet Asset Management Inc. now owns 2,859,047 shares of the company's stock worth $184,952,000 after acquiring an additional 210,566 shares during the period. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TTE. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. HSBC restated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Finally, Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a research report on Monday, May 12th. Four investment 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 stock. According to data from MarketBeat, TotalEnergies currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.45.

TotalEnergies Stock Down 0.7%

NYSE:TTE traded down $0.41 during mid-day trading on Friday, reaching $59.14. The stock had a trading volume of 1,644,439 shares, compared to its average volume of 1,384,183. The stock has a market cap of $141.80 billion, a P/E ratio of 10.73, a PEG ratio of 1.04 and a beta of 0.59. The business's 50 day moving average is $61.18 and its 200 day moving average is $60.26. 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 SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $70.50.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $1.62 by ($0.05). The business had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. As a group, 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 announced a dividend, which was paid on Friday, July 11th. Investors of record on Thursday, June 19th were issued a $0.7108 dividend. This represents a yield of 454.0%. The ex-dividend date was Wednesday, June 18th. TotalEnergies's payout ratio is 53.72%.

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.