TotalEnergies SE Sponsored ADR $TTE Holdings Trimmed by Good Steward Wealth Advisors LLC

Key Points

• Good Steward Wealth Advisors LLC reduced its holdings in TotalEnergies SE by 49.8% in the 2nd quarter, now owning 4,649 shares worth $285,000 after selling 4,613 shares during the period.
• Analysts have mixed views on TotalEnergies, with Piper Sandler raising their price target to $68.00 and a consensus rating of "Moderate Buy", while some research firms issued varying ratings.
• TotalEnergies recently reported earnings of $1.57 per share, missing estimates, but had a revenue of $44.68 billion, exceeding expectations, showing a return on equity of 13.59%.

Good Steward Wealth Advisors LLC trimmed its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 49.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,649 shares of the company's stock after selling 4,613 shares during the period. Good Steward Wealth Advisors LLC's holdings in TotalEnergies were worth $285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTE. Financial Management Professionals Inc. grew its position in TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after purchasing an additional 192 shares in the last quarter. Bernard Wealth Management Corp. purchased a new position in shares of TotalEnergies during the 4th quarter valued at $32,000. Inlight Wealth Management LLC purchased a new position in shares of TotalEnergies during the 1st quarter valued at $32,000. Costello Asset Management INC purchased a new position in shares of TotalEnergies during the 1st quarter valued at $32,000. Finally, SouthState Corp grew 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 acquiring an additional 319 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TTE. Piper Sandler boosted their price target on shares of TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Monday, August 18th. Scotiabank set a $65.00 price target on shares of TotalEnergies and gave the company a "sector perform" rating in a report on Friday, July 11th. Finally, Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $66.95.

TotalEnergies Trading Down 0.4%

Shares of NYSE:TTE opened at $61.17 on Friday. The stock has a market capitalization of $146.67 billion, a PE ratio of 11.10, a P/E/G ratio of 1.05 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $69.81. The firm has a fifty day moving average price of $61.62 and a 200 day moving average price of $60.67. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.62 by ($0.05). The business 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%. Analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 11th. Investors of record on Thursday, June 19th were issued a $0.7108 dividend. The ex-dividend date was Wednesday, June 18th. This represents a yield of 454.0%. TotalEnergies's dividend payout ratio is currently 61.71%.

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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