Evergreen Capital Management LLC Acquires 136,144 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• Evergreen Capital Management LLC increased its stake in TotalEnergies SE by 305.2%, acquiring an additional 136,144 shares, bringing its total holdings to 180,745 shares valued at $11,846,000.
• TotalEnergies reported earnings of $1.57 per share in its latest quarterly results, missing expectations by $0.05, but exceeding revenue expectations with $44.68 billion in revenue.
• Analysts have rated TotalEnergies stock with an average "Moderate Buy" rating, and it has seen several upgrades from firms like Morgan Stanley and HSBC, with a target price of $66.95.

Evergreen Capital Management LLC grew its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 305.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 180,745 shares of the company's stock after acquiring an additional 136,144 shares during the period. Evergreen Capital Management LLC's holdings in TotalEnergies were worth $11,846,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Financial Management Professionals Inc. grew its holdings in TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after buying an additional 192 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in TotalEnergies during the 1st quarter valued at about $32,000. Costello Asset Management INC purchased a new position in TotalEnergies during the 1st quarter valued at about $32,000. SouthState Corp grew its holdings in TotalEnergies by 126.1% during the 1st quarter. SouthState Corp now owns 572 shares of the company's stock valued at $37,000 after buying an additional 319 shares in the last quarter. Finally, Bernard Wealth Management Corp. purchased a new position in TotalEnergies during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Price Performance

NYSE TTE traded down $0.18 during trading hours on Tuesday, reaching $62.57. 856,473 shares of the stock traded hands, compared to its average volume of 1,669,766. The stock has a 50 day simple moving average of $61.69 and a two-hundred day simple moving average of $60.63. 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. The company has a market cap of $150.02 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 1.07 and a beta of 0.59.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.05). The company had revenue of $44.68 billion during the quarter, compared to analysts' expectations of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. On average, analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

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

Wall Street Analyst Weigh In

TTE has been the subject of a number of recent analyst reports. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Scotiabank set a $65.00 target price on TotalEnergies and gave the stock a "sector perform" rating in a research report on Friday, July 11th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Finally, Morgan Stanley upgraded 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 assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.95.

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.