HB Wealth Management LLC lifted its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 35.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,915 shares of the company's stock after buying an additional 5,434 shares during the quarter. HB Wealth Management LLC's holdings in TotalEnergies were worth $1,353,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of TTE. Financial Management Professionals Inc. lifted its stake in shares of TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after buying an additional 192 shares in the last quarter. Bernard Wealth Management Corp. purchased a new stake in shares of TotalEnergies during the 4th quarter valued at approximately $32,000. Inlight Wealth Management LLC purchased a new stake in shares of TotalEnergies during the 1st quarter valued at approximately $32,000. Arlington Trust Co LLC purchased a new stake in shares of TotalEnergies during the 1st quarter valued at approximately $39,000. Finally, General Partner Inc. purchased a new stake in shares of TotalEnergies during the 1st quarter valued at approximately $65,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.
TotalEnergies Price Performance
Shares of TotalEnergies stock traded down $1.66 during trading on Wednesday, hitting $59.80. 1,100,005 shares of the stock traded hands, compared to its average volume of 1,395,820. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The stock has a market cap of $143.38 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.07 and a beta of 0.57. The firm's fifty day moving average is $61.13 and its 200-day moving average is $60.23. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $70.50.
TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.05). The firm 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%. Research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.
TotalEnergies Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, June 19th were given a dividend of $0.7108 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a dividend yield of 4.54%. TotalEnergies's dividend payout ratio (DPR) is presently 53.72%.
Analyst Ratings Changes
TTE has been the topic of several analyst reports. Scotiabank set a $65.00 price target on TotalEnergies and gave the company a "sector perform" rating in a research report on Friday, July 11th. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target on the stock in a research report on Monday, May 12th. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Piper Sandler decreased their price target on TotalEnergies from $68.00 to $66.00 and set a "neutral" rating on the stock in a research report on Friday, July 18th. Finally, Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, TotalEnergies presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.45.
Check Out Our Latest Stock Report on TTE
About TotalEnergies
(
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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