Townsend & Associates Inc Increases Holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Townsend & Associates Inc increased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 21.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 332,070 shares of the company's stock after acquiring an additional 58,047 shares during the period. TotalEnergies makes up about 2.2% of Townsend & Associates Inc's investment portfolio, making the stock its 15th biggest position. Townsend & Associates Inc's holdings in TotalEnergies were worth $21,482,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in shares of TotalEnergies by 25.8% in the 4th quarter. IFP Advisors Inc now owns 2,080 shares of the company's stock worth $113,000 after buying an additional 426 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in TotalEnergies by 7.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 4,958 shares of the company's stock worth $270,000 after acquiring an additional 326 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of TotalEnergies in the fourth quarter valued at about $276,000. US Bancorp DE grew its position in shares of TotalEnergies by 45.9% in the fourth quarter. US Bancorp DE now owns 125,569 shares of the company's stock valued at $6,844,000 after purchasing an additional 39,492 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of TotalEnergies by 178.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,168 shares of the company's stock valued at $391,000 after purchasing an additional 4,597 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TTE. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective for the company in a research report on Monday, May 12th. BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research note 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, Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $69.36.

TotalEnergies Stock Down 0.2%

Shares of NYSE TTE opened at $61.46 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $147.37 billion, a PE ratio of 10.35, a P/E/G ratio of 1.29 and a beta of 0.56. The firm has a fifty day moving average of $59.66 and a 200-day moving average of $59.21. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $71.03.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The firm had revenue of $47.90 billion for the quarter, compared to analysts' expectations of $41.23 billion. TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. During the same period last year, the firm posted $2.14 EPS. On average, analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 11th. Investors of record on Thursday, June 19th will be given a dividend of $0.7108 per share. This represents a yield of 4.54%. The ex-dividend date of this dividend is Wednesday, June 18th. TotalEnergies's dividend payout ratio (DPR) is presently 47.81%.

About TotalEnergies

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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