Vestmark Advisory Solutions Inc. Raises Stock Position in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in TotalEnergies SE by 116.4% in the first quarter, now owning 66,000 shares valued at $4.27 million.
• TotalEnergies has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average target price of $66.45.
• The company reported earnings per share of $1.57 for its last quarter, missing estimates, and also recently declared a dividend with a yield of 454.0%.

Vestmark Advisory Solutions Inc. increased its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 116.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,000 shares of the company's stock after acquiring an additional 35,499 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in TotalEnergies were worth $4,270,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mariner LLC boosted its stake in shares of TotalEnergies by 10.0% during the fourth quarter. Mariner LLC now owns 162,738 shares of the company's stock worth $8,869,000 after buying an additional 14,750 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of TotalEnergies by 22.4% in the fourth quarter. NewEdge Advisors LLC now owns 46,477 shares of the company's stock valued at $2,533,000 after acquiring an additional 8,502 shares in the last quarter. Cadence Bank boosted its holdings in TotalEnergies by 2.0% during the fourth quarter. Cadence Bank now owns 109,471 shares of the company's stock worth $5,966,000 after buying an additional 2,095 shares in the last quarter. Forum Financial Management LP boosted its holdings in TotalEnergies by 35.9% during the fourth quarter. Forum Financial Management LP now owns 82,033 shares of the company's stock worth $4,471,000 after buying an additional 21,691 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in TotalEnergies during the fourth quarter worth about $5,425,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Price Performance

Shares of TTE remained flat at $63.10 during trading hours on Thursday. 328,429 shares of the stock traded hands, compared to its average volume of 1,682,571. The company has a 50-day moving average price of $61.67 and a 200 day moving average price of $60.49. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $70.50. The company has a market cap of $151.29 billion, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 1.07 and a beta of 0.59.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). The company had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. Research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, July 11th. Investors of record on Thursday, June 19th were paid a $0.7108 dividend. This represents a dividend yield of 454.0%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's payout ratio is presently 53.72%.

Analyst Ratings Changes

TTE has been the topic of several research reports. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a report on Monday, May 12th. Scotiabank set a $65.00 price target on shares of TotalEnergies and gave the stock a "sector perform" rating in a research report on Friday, July 11th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Finally, Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $66.95.

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.