TotalEnergies SE Sponsored ADR (NYSE:TTE) Shares Purchased by Equity Investment Corp

Equity Investment Corp boosted its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 4.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,151,142 shares of the company's stock after purchasing an additional 92,553 shares during the period. TotalEnergies makes up about 3.1% of Equity Investment Corp's portfolio, making the stock its 5th largest holding. Equity Investment Corp owned 0.09% of TotalEnergies worth $139,157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TTE. Financial Management Professionals Inc. boosted its position 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 purchasing an additional 192 shares during the period. Bernard Wealth Management Corp. acquired a new position in shares of TotalEnergies in the fourth quarter worth about $32,000. Inlight Wealth Management LLC purchased a new position in shares of TotalEnergies in the first quarter worth approximately $32,000. Arlington Trust Co LLC acquired a new stake in shares of TotalEnergies during the first quarter valued at approximately $39,000. Finally, General Partner Inc. purchased a new stake in shares of TotalEnergies in the first quarter valued at $65,000. 16.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TTE. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Scotiabank set a $65.00 price target on TotalEnergies and gave the company a "sector perform" rating in a research note on Friday, July 11th. Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Morgan Stanley upgraded shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective for the company in a report on Monday, May 12th. Finally, BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $70.96.

TotalEnergies Stock Down 0.2%

TTE traded down $0.12 during trading on Thursday, hitting $61.73. The company had a trading volume of 1,014,644 shares, compared to its average volume of 1,666,201. The company has a market capitalization of $148.01 billion, a PE ratio of 10.39, a PEG ratio of 1.24 and a beta of 0.57. The firm's 50-day moving average price is $60.68 and its 200 day moving average price is $59.85. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $70.50. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 0.38.

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). The business had revenue of $47.90 billion during the quarter, compared to the consensus estimate of $41.23 billion. TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. During the same period in the prior year, the firm earned $2.14 EPS. As a group, equities analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, July 11th. Investors of record on Thursday, June 19th were paid a $0.7108 dividend. This represents a yield of 4.54%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's dividend payout ratio (DPR) is presently 57.24%.

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.