Phillips Wealth Planners LLC Raises Holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Phillips Wealth Planners LLC lifted its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 61.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,114 shares of the company's stock after purchasing an additional 4,624 shares during the quarter. Phillips Wealth Planners LLC's holdings in TotalEnergies were worth $784,000 at the end of the most recent reporting period.

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

TotalEnergies Stock Performance

NYSE:TTE traded up $0.32 during trading on Thursday, reaching $61.36. The company's stock had a trading volume of 1,215,375 shares, compared to its average volume of 1,659,290. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $71.03. The firm has a market cap of $147.12 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The firm has a 50 day moving average of $59.54 and a 200-day moving average of $59.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.07.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The company had revenue of $47.90 billion for 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 quarter last year, the business posted $2.14 EPS. Research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 11th. Stockholders of record on Thursday, June 19th will be paid 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 payout ratio is currently 47.81%.

Analyst Ratings Changes

A number of research firms have issued reports on TTE. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price on the stock in a report on Monday, May 12th. Piper Sandler upped their price target on TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Scotiabank lowered their price target on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Finally, HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, TotalEnergies presently has a consensus rating of "Moderate Buy" and an average target price of $69.36.

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.