TrueMark Investments LLC Acquires New Stake in TotalEnergies SE Sponsored ADR (NYSE:TTE)

TrueMark Investments LLC acquired a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,789 shares of the company's stock, valued at approximately $1,345,000.

Several other institutional investors have also recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of TotalEnergies by 121.1% in the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock worth $416,828,000 after buying an additional 4,189,652 shares during the period. Franklin Resources Inc. raised its stake in shares of TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock worth $309,851,000 after buying an additional 1,672,387 shares during the period. Royal Bank of Canada raised its stake in shares of TotalEnergies by 10.0% in the fourth quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock worth $159,000,000 after buying an additional 265,251 shares during the period. Federated Hermes Inc. raised its stake in shares of TotalEnergies by 19.5% in the fourth quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock worth $157,309,000 after buying an additional 471,291 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in TotalEnergies in the 4th quarter worth approximately $156,044,000. Institutional investors own 16.53% of the company's stock.

TotalEnergies Price Performance

NYSE:TTE traded up $0.32 during trading hours on Thursday, reaching $61.36. The stock had a trading volume of 1,215,375 shares, compared to its average volume of 1,661,038. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.07. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $71.03. The company has a 50 day moving average price of $59.60 and a two-hundred day moving average price of $59.13. The stock has a market capitalization of $147.12 billion, a PE ratio of 10.33, a PEG ratio of 1.27 and a beta of 0.56.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data 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). TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. The firm had revenue of $47.90 billion during the quarter, compared to the consensus estimate of $41.23 billion. During the same period in the previous year, the firm earned $2.14 EPS. As a group, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Scotiabank lowered their target price on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. 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 report on Monday, May 12th. Finally, Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $69.36.

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.