TotalEnergies SE Sponsored ADR (NYSE:TTE) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 0.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 756,550 shares of the company's stock after purchasing an additional 4,900 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in TotalEnergies were worth $48,942,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTE. Bank of America Corp DE increased its stake in shares of TotalEnergies by 121.1% during the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock worth $416,828,000 after acquiring an additional 4,189,652 shares during the period. Franklin Resources Inc. increased its stake in shares of TotalEnergies by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock worth $309,851,000 after acquiring an additional 1,672,387 shares during the period. Northern Trust Corp increased its stake in shares of TotalEnergies by 41.7% during the fourth quarter. Northern Trust Corp now owns 1,783,017 shares of the company's stock worth $97,174,000 after acquiring an additional 524,314 shares during the period. BNP Paribas Financial Markets increased its stake in shares of TotalEnergies by 295.3% during the fourth quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company's stock worth $37,577,000 after acquiring an additional 515,088 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of TotalEnergies by 19.5% during the fourth quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock worth $157,309,000 after acquiring an additional 471,291 shares during the period. Institutional investors and hedge funds own 16.53% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TTE shares. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research report 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. Scotiabank set a $65.00 price target on shares of TotalEnergies and gave the company a "sector perform" rating in a research report on Friday, July 11th. Finally, HSBC reiterated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.45.

TotalEnergies Stock Performance

Shares of TTE opened at $61.71 on Friday. The firm's 50 day moving average is $60.83 and its 200-day moving average is $59.99. The stock has a market capitalization of $147.96 billion, a P/E ratio of 10.39, a P/E/G ratio of 1.24 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.86. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $70.50.

TotalEnergies (NYSE:TTE - Get Free Report) last released 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 firm had revenue of $47.90 billion during 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 period last year, the business earned $2.14 earnings per share. Equities research analysts anticipate 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. Investors of record on Thursday, June 19th were issued a dividend of $0.7108 per share. This represents a dividend yield of 4.54%. The ex-dividend date was Wednesday, June 18th. TotalEnergies's dividend payout ratio is currently 57.24%.

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.

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