Fayez Sarofim & Co Sells 79,395 Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE)

Key Points

• Fayez Sarofim & Co reduced its stake in TotalEnergies SE by 33.6%, selling 79,395 shares and leaving them with 156,551 shares worth approximately $10.1 million.
• Analysts have been bullish on TotalEnergies, with multiple upgrades leading to a consensus rating of "Moderate Buy" and an average price target of $66.45.
• TotalEnergies recently reported earnings of $1.57 per share, missing estimates of $1.62, and had a revenue of $44.68 billion for the quarter.

Fayez Sarofim & Co lowered its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 33.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 156,551 shares of the company's stock after selling 79,395 shares during the quarter. Fayez Sarofim & Co's holdings in TotalEnergies were worth $10,127,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in TTE. Mayflower Financial Advisors LLC raised its holdings in shares of TotalEnergies by 1.2% in the 1st quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company's stock valued at $947,000 after acquiring an additional 176 shares in the last quarter. J2 Capital Management Inc increased its position in shares of TotalEnergies by 3.3% in the first 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. raised its stake in TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after purchasing an additional 192 shares in the last quarter. Ipswich Investment Management Co. Inc. raised its stake in TotalEnergies by 0.9% in the first quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company's stock valued at $1,483,000 after purchasing an additional 200 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in TotalEnergies by 5.4% in the first quarter. UMB Bank n.a. now owns 3,936 shares of the company's stock valued at $255,000 after purchasing an additional 201 shares in the last quarter. Institutional investors own 16.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TTE shares. Piper Sandler lowered their target price on shares of TotalEnergies from $68.00 to $66.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price on the stock in a research note on Monday, May 12th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, 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. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, TotalEnergies has a consensus rating of "Moderate Buy" and a consensus target price of $66.45.

TotalEnergies Trading Up 1.0%

TotalEnergies stock traded up $0.58 during trading hours on Friday, reaching $61.38. The company had a trading volume of 1,710,731 shares, compared to its average volume of 1,481,380. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. The company has a 50-day moving average price of $61.39 and a 200 day moving average price of $60.31. The firm has a market cap of $147.17 billion, a price-to-earnings ratio of 11.14, a P/E/G ratio of 1.06 and a beta of 0.59. 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 announced its quarterly earnings results on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.05). The company had revenue of $44.68 billion during the quarter, compared to analysts' expectations of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. Equities analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, June 19th were given a $0.7108 dividend. This represents a dividend yield of 454.0%. The ex-dividend date was Wednesday, June 18th. TotalEnergies's dividend payout ratio (DPR) is currently 53.72%.

TotalEnergies Company 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.