Zions Bancorporation National Association UT Takes Position in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Key Points

• Zions Bancorporation National Association UT invested approximately $11.97 million in TotalEnergies SE, acquiring 185,049 shares, which now constitutes about 0.8% of their investment portfolio.
• TotalEnergies reported $44.68 billion in revenue for the last quarter, exceeding analyst expectations of $42.44 billion, despite missing earnings per share estimates.
• Analysts have mixed ratings on TotalEnergies, with a consensus rating of "Moderate Buy" and a target price of $66.45, reflecting differing outlooks on the stock's potential.

Zions Bancorporation National Association UT acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 185,049 shares of the company's stock, valued at approximately $11,971,000. TotalEnergies comprises about 0.8% of Zions Bancorporation National Association UT's investment portfolio, making the stock its 17th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. raised its position in TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after purchasing an additional 192 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in TotalEnergies in the 4th quarter valued at $32,000. Inlight Wealth Management LLC bought a new position in shares of TotalEnergies during the 1st quarter worth approximately $32,000. Costello Asset Management INC acquired a new position in shares of TotalEnergies during the 1st quarter worth about $32,000. Finally, Arlington Trust Co LLC acquired a new position in TotalEnergies during the first quarter worth $39,000. Institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Performance

Shares of TTE traded up $0.90 during mid-day trading on Tuesday, hitting $61.89. The stock had a trading volume of 598,132 shares, compared to its average volume of 1,700,441. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. The firm has a market cap of $148.39 billion, a P/E ratio of 11.23, a PEG ratio of 1.07 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $70.50. The business has a fifty day moving average price of $61.40 and a 200-day moving average price of $60.35.

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

TotalEnergies Cuts Dividend

The business also recently disclosed 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 yield of 454.0%. TotalEnergies's dividend payout ratio is 53.72%.

Wall Street Analyst Weigh In

TTE has been the subject of a number of research analyst reports. Scotiabank set a $65.00 price objective on shares of TotalEnergies and gave the stock a "sector perform" rating in a research report on Friday, July 11th. Piper Sandler lowered their target price on TotalEnergies from $68.00 to $66.00 and set a "neutral" rating for the company in a research note on Friday, July 18th. HSBC reissued a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Finally, BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.45.

About TotalEnergies

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.