Price T Rowe Associates Inc. MD Purchases 169,435 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• Price T Rowe Associates Inc. MD has increased its holdings in TotalEnergies SE by 4.1%, now owning approximately 4.3 million shares valued at $278.37 million.
• TotalEnergies reported a revenue of $44.68 billion in its recent quarterly earnings, surpassing analyst estimates of $42.44 billion.
• Analysts have mixed ratings for TotalEnergies, with an average rating of "Moderate Buy" and a consensus price target of $66.95.

Price T Rowe Associates Inc. MD raised its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 4.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 4,303,052 shares of the company's stock after purchasing an additional 169,435 shares during the period. Price T Rowe Associates Inc. MD owned 0.18% of TotalEnergies worth $278,366,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dorsey & Whitney Trust CO LLC lifted its position in shares of TotalEnergies by 1.9% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 9,814 shares of the company's stock worth $635,000 after purchasing an additional 185 shares during the period. Colonial Trust Advisors acquired a new position in shares of TotalEnergies in the 1st quarter worth approximately $183,000. HITE Hedge Asset Management LLC acquired a new position in shares of TotalEnergies in the 1st quarter worth approximately $12,309,000. Qtron Investments LLC lifted its position in shares of TotalEnergies by 16.7% in the 1st quarter. Qtron Investments LLC now owns 30,343 shares of the company's stock worth $1,963,000 after purchasing an additional 4,332 shares during the period. Finally, Aviso Financial Inc. lifted its position in shares of TotalEnergies by 10.5% in the 1st quarter. Aviso Financial Inc. now owns 47,154 shares of the company's stock worth $3,050,000 after purchasing an additional 4,476 shares during the period. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Stock Up 0.1%

TTE stock traded up $0.09 during midday trading on Wednesday, reaching $62.01. 1,300,987 shares of the company's stock traded hands, compared to its average volume of 1,681,382. The company has a market cap of $148.67 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 1.07 and a beta of 0.59. The firm's fifty day moving average price is $61.66 and its 200-day moving average price is $60.59. 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 SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $69.81.

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

TotalEnergies Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, June 19th were paid a $0.7108 dividend. The ex-dividend date was Wednesday, June 18th. This represents a dividend yield of 454.0%. TotalEnergies's dividend payout ratio is presently 53.72%.

Analysts Set New Price Targets

Several research firms have recently weighed in on TTE. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Piper Sandler upped their price objective 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 target price on TotalEnergies and gave the company a "sector perform" rating in a research note on Friday, July 11th. Finally, Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price for the company in a research report on Monday, May 12th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $66.95.

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.