Invesco Ltd. decreased its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,679 shares of the company's stock after selling 7,514 shares during the period. Invesco Ltd.'s holdings in TotalEnergies were worth $11,947,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP acquired a new stake in TotalEnergies during the fourth quarter valued at approximately $5,425,000. Dimensional Fund Advisors LP lifted its stake in TotalEnergies by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 373,728 shares of the company's stock valued at $20,368,000 after purchasing an additional 20,734 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in TotalEnergies by 8,565.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,726 shares of the company's stock valued at $203,000 after purchasing an additional 3,683 shares during the last quarter. Hsbc Holdings PLC lifted its stake in TotalEnergies by 5.3% during the fourth quarter. Hsbc Holdings PLC now owns 11,888 shares of the company's stock valued at $648,000 after purchasing an additional 603 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in TotalEnergies by 5.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 17,654 shares of the company's stock valued at $962,000 after purchasing an additional 859 shares during the last quarter. Institutional investors own 16.53% of the company's stock.
TotalEnergies Stock Up 1.1%
Shares of NYSE TTE traded up $0.67 during mid-day 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 stock has a fifty day moving average of $61.66 and a two-hundred day moving average of $60.63. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The company has a market capitalization of $150.52 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.06 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month 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 the consensus estimate of $1.62 by ($0.05). The firm had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. As a group, equities research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.
TotalEnergies Cuts Dividend
The firm also recently declared a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were given a $0.7108 dividend. This represents a yield of 454.0%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's payout ratio is currently 53.72%.
Analyst Upgrades and Downgrades
Several research firms recently commented on TTE. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price on the stock in a research report on Monday, May 12th. Piper Sandler lifted their target price on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a "neutral" rating in a research report on Monday, August 18th. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Finally, Scotiabank set a $65.00 target price on shares of TotalEnergies and gave the stock a "sector perform" rating in a research report on Friday, July 11th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, TotalEnergies has an average rating of "Moderate Buy" and an average price target of $66.95.
Read Our Latest Stock Analysis on TTE
TotalEnergies 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.
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