Epoch Investment Partners Inc. lowered its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 216,571 shares of the company's stock after selling 8,811 shares during the quarter. Epoch Investment Partners Inc.'s holdings in TotalEnergies were worth $14,010,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harvest Portfolios Group Inc. raised its holdings in TotalEnergies by 14.0% during the 1st quarter. Harvest Portfolios Group Inc. now owns 31,122 shares of the company's stock valued at $2,013,000 after acquiring an additional 3,828 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of TotalEnergies by 9.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 369,074 shares of the company's stock valued at $23,875,000 after purchasing an additional 31,290 shares in the last quarter. ICONIQ Capital LLC grew its position in shares of TotalEnergies by 85.3% in the first quarter. ICONIQ Capital LLC now owns 11,323 shares of the company's stock valued at $732,000 after purchasing an additional 5,214 shares in the last quarter. Jump Financial LLC bought a new stake in shares of TotalEnergies during the 1st quarter valued at $477,000. Finally, Cadence Bank lifted its holdings in TotalEnergies by 8.5% during the 1st quarter. Cadence Bank now owns 118,733 shares of the company's stock worth $7,681,000 after purchasing an additional 9,262 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have weighed in on TTE. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Piper Sandler upped their target price on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a "neutral" rating in a report on Monday, August 18th. Morgan Stanley raised shares of 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. Finally, Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, TotalEnergies has a consensus rating of "Moderate Buy" and an average price target of $66.95.
Check Out Our Latest Research Report on TotalEnergies
TotalEnergies Price Performance
TTE stock traded up $0.67 during midday trading on Friday, reaching $62.78. The company had a trading volume of 1,068,270 shares, compared to its average volume of 1,376,737. The firm has a 50-day moving average price of $61.66 and a 200-day moving average price of $60.63. The company has a market capitalization of $150.52 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.06 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 company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81.
TotalEnergies (NYSE:TTE - Get Free Report) last posted 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). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%.The company had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. On average, research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.
TotalEnergies Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, June 19th were issued a $0.7108 dividend. This represents a dividend yield of 454.0%. The ex-dividend date was Wednesday, June 18th. TotalEnergies's dividend payout ratio is presently 53.72%.
TotalEnergies Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider TotalEnergies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TotalEnergies wasn't on the list.
While TotalEnergies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
