TotalEnergies SE Sponsored ADR $TTE Shares Sold by Vident Advisory LLC

Key Points

• Vident Advisory LLC reduced its stake in TotalEnergies SE Sponsored ADR by 76.0% in the first quarter, resulting in ownership of only 6,504 shares valued at approximately $421,000.
• Several institutional investors, including Federated Hermes Inc. and Natixis Advisors LLC, increased their holdings in TotalEnergies during the same quarter, highlighting a trend of growing investment in the company.
• Analysts have mixed ratings on TotalEnergies, with upgrades from firms like Morgan Stanley and Sanford C. Bernstein resulting in an average price target of $66.95 and a general consensus rating of "Moderate Buy."

Vident Advisory LLC reduced its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 76.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,504 shares of the company's stock after selling 20,571 shares during the quarter. Vident Advisory LLC's holdings in TotalEnergies were worth $421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Mayflower Financial Advisors LLC grew its holdings in TotalEnergies by 1.2% during the 1st quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company's stock valued at $947,000 after buying an additional 176 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in TotalEnergies by 1.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 9,814 shares of the company's stock valued at $635,000 after buying an additional 185 shares in the last quarter. J2 Capital Management Inc grew its holdings in TotalEnergies by 3.3% during the 1st quarter. J2 Capital Management Inc now owns 5,954 shares of the company's stock valued at $385,000 after buying an additional 191 shares in the last quarter. 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 valued at $31,000 after buying an additional 192 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. boosted its position in shares of TotalEnergies by 0.9% during the 1st quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company's stock valued at $1,483,000 after acquiring an additional 200 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 0.6%

Shares of TotalEnergies stock traded up $0.39 during trading on Tuesday, hitting $61.49. 911,205 shares of the stock traded hands, compared to its average volume of 1,184,593. The stock's fifty day simple moving average is $61.72 and its 200 day simple moving average is $60.65. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $69.81. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The firm has a market cap of $147.43 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 1.05 and a beta of 0.59.

TotalEnergies (NYSE:TTE - Get Free Report) last posted 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). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The company had revenue of $44.68 billion during the quarter, compared to analysts' expectations of $42.44 billion. On average, equities analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal 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 issued a dividend of $0.7108 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a dividend yield of 454.0%. TotalEnergies's payout ratio is 53.72%.

Analyst Upgrades and Downgrades

TTE has been the subject of a number of research reports. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price for the company in a research report on Monday, May 12th. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Piper Sandler increased their target price on TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Monday, August 18th. Scotiabank set a $65.00 price target on TotalEnergies and gave the stock a "sector perform" rating in a research report on Friday, July 11th. Finally, Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $66.95.

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.