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

A number of other institutional investors 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 valued at $416,828,000 after acquiring an additional 4,189,652 shares during the period. Federated Hermes Inc. grew its stake in TotalEnergies by 23.1% during the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company's stock worth $229,780,000 after buying an additional 665,620 shares in the last quarter. Northern Trust Corp grew its stake in TotalEnergies by 41.7% during the fourth quarter. Northern Trust Corp now owns 1,783,017 shares of the company's stock worth $97,174,000 after buying an additional 524,314 shares in the last quarter. BNP Paribas Financial Markets grew its stake in TotalEnergies by 295.3% during the fourth quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company's stock worth $37,577,000 after buying an additional 515,088 shares in the last quarter. Finally, Natixis Advisors LLC grew its stake in TotalEnergies by 17.3% during the first quarter. Natixis Advisors LLC now owns 2,160,096 shares of the company's stock worth $139,737,000 after buying an additional 318,225 shares in the last quarter. Institutional investors own 16.53% of the company's stock.

TotalEnergies Price Performance

NYSE TTE traded up $0.58 during trading on Friday, hitting $61.38. 1,710,731 shares of the company's stock were exchanged, compared to its average volume of 1,481,380. 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 company has a market cap of $147.17 billion, a PE ratio of 11.14, a P/E/G ratio of 1.07 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $70.50. The stock's 50 day moving average price is $61.39 and its two-hundred day moving average price is $60.32.

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

TotalEnergies Cuts Dividend

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

Analysts Set New Price Targets

A number of brokerages have issued reports on TTE. BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Scotiabank set a $65.00 price objective on shares of TotalEnergies and gave the stock a "sector perform" rating in a research note on Friday, July 11th. Piper Sandler reduced their price objective on shares of TotalEnergies from $68.00 to $66.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Finally, Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.45.

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.