TotalEnergies SE Sponsored ADR (NYSE:TTE) Stock Holdings Boosted by Todd Asset Management LLC

Key Points

• Todd Asset Management LLC has increased its holdings in TotalEnergies SE by 0.5%, owning approximately 1.2 million shares valued at around $76.6 million, making it the fund's third-largest holding.
• TotalEnergies recently reported earnings per share of $1.57 for the quarter, which fell short of analysts' expectations set at $1.62, while its revenue exceeded estimates at $44.68 billion.
• The company declared a dividend of $0.7108 with a yield of 4.54%, and has a dividend payout ratio of 61.71%.

Todd Asset Management LLC grew its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 0.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,184,568 shares of the company's stock after acquiring an additional 5,728 shares during the quarter. TotalEnergies accounts for approximately 1.8% of Todd Asset Management LLC's portfolio, making the stock its 3rd largest holding. Todd Asset Management LLC's holdings in TotalEnergies were worth $76,600,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of TotalEnergies by 121.1% in the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock worth $416,828,000 after buying an additional 4,189,652 shares during the last quarter. Federated Hermes Inc. lifted its holdings in TotalEnergies by 23.1% during the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company's stock valued at $229,780,000 after purchasing an additional 665,620 shares during the last quarter. Royal Bank of Canada lifted its holdings in TotalEnergies by 10.0% during the fourth quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock valued at $159,000,000 after purchasing an additional 265,251 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in TotalEnergies by 8.0% during the first quarter. Envestnet Asset Management Inc. now owns 2,859,047 shares of the company's stock valued at $184,952,000 after purchasing an additional 210,566 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in TotalEnergies by 17.3% during the first quarter. Natixis Advisors LLC now owns 2,160,096 shares of the company's stock valued at $139,737,000 after purchasing an additional 318,225 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 1.0%

Shares of TTE opened at $61.38 on Monday. The business's 50-day moving average price is $61.39 and its 200-day moving average price is $60.33. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $70.50. The stock has a market cap of $147.17 billion, a PE ratio of 11.14, a P/E/G ratio of 1.07 and a beta of 0.59. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.05). The company had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. On average, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 11th. Investors 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 is 61.71%.

Wall Street Analyst Weigh In

TTE has been the topic of several recent research reports. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Scotiabank set a $65.00 price objective on shares of TotalEnergies and gave the company a "sector perform" rating in a report on Friday, July 11th. Finally, Piper Sandler dropped their price objective on shares of TotalEnergies from $68.00 to $66.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. Four investment 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $66.45.

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.

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