Good Steward Wealth Advisors LLC Invests $599,000 in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Good Steward Wealth Advisors LLC acquired a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,262 shares of the company’s stock, valued at approximately $599,000.

A number of other hedge funds have also made changes to their positions in TTE. ORG Partners LLC boosted its stake in TotalEnergies by 15.5% during the 1st quarter. ORG Partners LLC now owns 3,999 shares of the company’s stock valued at $258,000 after purchasing an additional 536 shares in the last quarter. Blue Trust Inc. raised its stake in shares of TotalEnergies by 23.9% in the 1st quarter. Blue Trust Inc. now owns 15,130 shares of the company’s stock worth $979,000 after buying an additional 2,920 shares in the last quarter. Institute for Wealth Management LLC. acquired a new stake in shares of TotalEnergies in the first quarter valued at $219,000. CWA Asset Management Group LLC boosted its stake in TotalEnergies by 10.3% during the first quarter. CWA Asset Management Group LLC now owns 25,993 shares of the company’s stock valued at $1,682,000 after buying an additional 2,422 shares in the last quarter. Finally, MFA Wealth Advisors LLC bought a new position in TotalEnergies during the first quarter valued at about $222,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on TTE shares. HSBC reiterated a “buy” rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Dbs Bank upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Sanford C. Bernstein upgraded shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a report on Monday. BNP Paribas upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 15th. Finally, Morgan Stanley raised TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price target on the stock in a report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average target price of $69.36.

TotalEnergies Stock Down 3.0%

TTE stock opened at $61.99 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.86. The firm has a market capitalization of $148.64 billion, a P/E ratio of 10.44, a P/E/G ratio of 1.29 and a beta of 0.56. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $71.03. The company’s 50 day simple moving average is $59.18 and its 200-day simple moving average is $58.99.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). The firm had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. During the same period last year, the firm earned $2.14 earnings per share. As a group, equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 11th. Investors of record on Thursday, June 19th will be given a dividend of $0.7108 per share. This represents a yield of 4.54%. The ex-dividend date of this dividend is Wednesday, June 18th. TotalEnergies’s payout ratio is 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.