TrueMark Investments LLC purchased a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 20,789 shares of the company's stock, valued at approximately $1,345,000.
A number of other institutional investors and hedge funds also recently modified their holdings of TTE. Bank of America Corp DE boosted its position 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 acquiring an additional 4,189,652 shares during the last quarter. Franklin Resources Inc. raised its stake in TotalEnergies by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock worth $309,851,000 after purchasing an additional 1,672,387 shares during the period. Royal Bank of Canada boosted its holdings in shares of TotalEnergies by 10.0% in the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock valued at $159,000,000 after purchasing an additional 265,251 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of TotalEnergies by 19.5% in the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock valued at $157,309,000 after purchasing an additional 471,291 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of TotalEnergies during the 4th quarter valued at $156,044,000. Institutional investors and hedge funds own 16.53% of the company's stock.
Wall Street Analyst Weigh In
TTE has been the topic of several research reports. Morgan Stanley raised 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 upped their price target on TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Scotiabank reduced their price objective on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Finally, HSBC reiterated a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, TotalEnergies currently has an average rating of "Moderate Buy" and an average price target of $69.36.
View Our Latest Report on TTE
TotalEnergies Price Performance
Shares of NYSE TTE opened at $62.64 on Monday. The company has a market capitalization of $150.18 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 1.30 and a beta of 0.56. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.86. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $71.03. The business has a 50-day moving average of $59.31 and a 200-day moving average of $59.05.
TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. The company had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. During the same period last year, the firm posted $2.14 earnings per share. On average, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.
TotalEnergies Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, July 11th. Stockholders of record on Thursday, June 19th will be paid a $0.7108 dividend. The ex-dividend date is Wednesday, June 18th. This represents a dividend yield of 4.54%. TotalEnergies's dividend payout ratio (DPR) is presently 47.81%.
TotalEnergies Company Profile
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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.
See Also
Want to see what other hedge funds are holding TTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report).
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