TotalEnergies SE Sponsored ADR $TTE Stock Holdings Increased by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in TotalEnergies SE by 9.9% in the first quarter, now holding over 3.14 million shares valued at $203.57 million.
• Wall Street analysts have given TotalEnergies a consensus rating of "Moderate Buy" with an average price target of $66.45, while some ratings have been upgraded recently.
• TotalEnergies reported an earnings miss with EPS of $1.57, falling short of the $1.62 consensus estimate, despite revenue exceeding forecasts at $44.68 billion.

Raymond James Financial Inc. lifted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 9.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,146,792 shares of the company's stock after purchasing an additional 283,595 shares during the quarter. Raymond James Financial Inc. owned 0.13% of TotalEnergies worth $203,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Mayflower Financial Advisors LLC raised its position in TotalEnergies by 1.2% during the first quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company's stock valued at $947,000 after acquiring an additional 176 shares in the last quarter. J2 Capital Management Inc raised its position in TotalEnergies by 3.3% during the first quarter. J2 Capital Management Inc now owns 5,954 shares of the company's stock valued at $385,000 after acquiring an additional 191 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after purchasing an additional 192 shares during the last quarter. Ipswich Investment Management Co. Inc. grew its holdings in TotalEnergies by 0.9% during the first quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company's stock valued at $1,483,000 after purchasing an additional 200 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in TotalEnergies by 5.4% during the first quarter. UMB Bank n.a. now owns 3,936 shares of the company's stock valued at $255,000 after purchasing an additional 201 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. HSBC reiterated a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target on the stock in a report on Monday, May 12th. Scotiabank set a $65.00 price target on TotalEnergies and gave the company a "sector perform" rating in a report on Friday, July 11th. Piper Sandler lowered their price target on TotalEnergies from $68.00 to $66.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. Finally, Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, TotalEnergies currently has a consensus rating of "Moderate Buy" and an average price target of $66.45.

TotalEnergies Stock Up 1.2%

Shares of TTE stock opened at $62.24 on Monday. The stock has a market cap of $149.23 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 1.08 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $70.50. The stock has a fifty day moving average price of $61.59 and a 200 day moving average price of $60.44. 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 issued its 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 return on equity of 13.59% and a net margin of 6.20%. Analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were issued a dividend of $0.7108 per share. 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%.

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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