Moran Wealth Management LLC Has $6.12 Million Position in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Moran Wealth Management LLC cut its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 79.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 94,572 shares of the company's stock after selling 374,129 shares during the quarter. Moran Wealth Management LLC's holdings in TotalEnergies were worth $6,118,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. raised its position in TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after acquiring an additional 192 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in shares of TotalEnergies in the 4th quarter worth approximately $32,000. Inlight Wealth Management LLC bought a new stake in shares of TotalEnergies in the 1st quarter worth approximately $32,000. SRS Capital Advisors Inc. lifted its stake in TotalEnergies by 108.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company's stock valued at $65,000 after purchasing an additional 617 shares during the last quarter. Finally, General Partner Inc. bought a new stake in TotalEnergies during the first quarter worth approximately $65,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Up 1.0%

Shares of TTE traded up $0.60 during trading hours on Wednesday, reaching $61.00. The company's stock had a trading volume of 1,839,442 shares, compared to its average volume of 1,658,970. The company has a 50 day moving average of $59.48 and a two-hundred day moving average of $59.10. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 0.38. The firm has a market cap of $146.26 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 1.27 and a beta of 0.56. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $71.03.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. The company had revenue of $47.90 billion for the quarter, compared to analysts' expectations of $41.23 billion. During the same period in the previous year, the firm posted $2.14 earnings per share. As a group, research analysts predict 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 will be paid on Friday, July 11th. Investors of record on Thursday, June 19th will be issued a dividend of $0.7108 per share. The ex-dividend date is Wednesday, June 18th. This represents a dividend yield of 4.54%. TotalEnergies's dividend payout ratio is 47.81%.

Analyst Upgrades and Downgrades

TTE has been the subject of a number of recent research reports. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Finally, Scotiabank decreased their target price on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.36.

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.