Kovitz Investment Group Partners LLC Has $5.47 Million Stake in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Kovitz Investment Group Partners LLC significantly increased its holdings in TotalEnergies by 955.7%, owning 84,591 shares valued at approximately $5.47 million at the end of the first quarter.
• Several institutional investors, including Bank of America Corp and Federated Hermes Inc, have also enhanced their stakes in TotalEnergies, indicating increased confidence in the stock.
• TotalEnergies' stock has shown mixed performance with a 12-month low of $52.78 and a high of $70.50, while analysts rate it as a "Moderate Buy" with an average target price of $66.45.

Kovitz Investment Group Partners LLC raised its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 955.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,591 shares of the company's stock after purchasing an additional 76,578 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in TotalEnergies were worth $5,472,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTE. Financial Management Professionals Inc. grew its stake in shares of TotalEnergies by 65.8% in 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. bought a new stake in TotalEnergies in the fourth quarter worth approximately $32,000. Inlight Wealth Management LLC bought a new stake in TotalEnergies in the first quarter worth approximately $32,000. Costello Asset Management INC acquired a new position in shares of TotalEnergies during the 1st quarter worth $32,000. Finally, SouthState Corp raised its holdings in shares of TotalEnergies by 126.1% during the 1st quarter. SouthState Corp now owns 572 shares of the company's stock valued at $37,000 after purchasing an additional 319 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

NYSE TTE traded up $0.3250 during trading on Thursday, reaching $63.4250. 851,556 shares of the company traded hands, compared to its average volume of 1,685,829. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $70.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The stock's 50 day moving average price is $61.67 and its two-hundred day moving average price is $60.49. The company has a market cap of $152.07 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 1.07 and a beta of 0.59.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share 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 the consensus estimate of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. As a group, analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The company also recently declared 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 yield of 454.0%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's dividend payout ratio (DPR) is currently 53.72%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TTE. Scotiabank set a $65.00 price objective on shares of TotalEnergies and gave the stock a "sector perform" rating in a report on Friday, July 11th. Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Finally, Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a report on Monday, May 12th. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, TotalEnergies currently has an average rating of "Moderate Buy" and an average target price of $66.95.

About TotalEnergies

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.