Value Partners Investments Inc. Invests $8.23 Million in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Value Partners Investments Inc. bought a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 127,022 shares of the company's stock, valued at approximately $8,226,000. TotalEnergies accounts for 0.7% of Value Partners Investments Inc.'s portfolio, making the stock its 25th largest holding.

Other institutional investors have also recently bought and sold shares of the company. 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 worth $31,000 after acquiring an additional 192 shares during the period. Inlight Wealth Management LLC acquired a new stake in TotalEnergies during the 1st quarter worth $32,000. Bernard Wealth Management Corp. acquired a new stake in TotalEnergies during the 4th quarter worth $32,000. Opal Wealth Advisors LLC acquired a new stake in TotalEnergies during the 1st quarter worth $65,000. Finally, General Partner Inc. acquired a new position in shares of TotalEnergies in the 1st quarter valued at $65,000. Institutional investors and hedge funds own 16.53% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TTE shares. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Scotiabank decreased their price target on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Finally, HSBC restated a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $69.36.

TotalEnergies Stock Down 0.2%

NYSE TTE traded down $0.10 on Friday, reaching $61.46. The company had a trading volume of 1,546,964 shares, compared to its average volume of 1,663,737. The firm has a market capitalization of $147.37 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 1.28 and a beta of 0.56. 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 1-year low of $52.78 and a 1-year high of $71.03. The company's fifty day moving average is $59.66 and its 200-day moving average is $59.17.

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

TotalEnergies Cuts Dividend

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

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.