TotalEnergies SE Sponsored ADR (NYSE:TTE) Holdings Lifted by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC raised its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 61.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,114 shares of the company’s stock after purchasing an additional 4,624 shares during the quarter. Phillips Wealth Planners LLC’s holdings in TotalEnergies were worth $784,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. grew its stake in TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock valued at $309,851,000 after purchasing an additional 1,672,387 shares in the last quarter. Sowell Financial Services LLC purchased a new position in TotalEnergies in the first quarter valued at about $280,000. Bank of Montreal Can grew its stake in TotalEnergies by 13.9% in the fourth quarter. Bank of Montreal Can now owns 484,854 shares of the company’s stock valued at $26,425,000 after purchasing an additional 59,256 shares in the last quarter. Royal Bank of Canada grew its stake in TotalEnergies by 10.0% in the fourth quarter. Royal Bank of Canada now owns 2,917,438 shares of the company’s stock valued at $159,000,000 after purchasing an additional 265,251 shares in the last quarter. Finally, Equity Investment Corp grew its stake in TotalEnergies by 10.5% in the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock valued at $112,193,000 after purchasing an additional 196,277 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

NYSE TTE opened at $61.00 on Thursday. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $71.03. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.07. The stock has a market capitalization of $146.26 billion, a PE ratio of 10.27, a P/E/G ratio of 1.25 and a beta of 0.56. The stock has a 50-day simple moving average of $59.54 and a 200 day simple moving average of $59.11.

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

TotalEnergies Cuts Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a dividend yield of 4.54%. TotalEnergies’s dividend payout ratio is presently 47.81%.

Analyst Ratings Changes

TTE has been the topic of a number of recent research reports. BNP Paribas upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. Piper Sandler boosted their price target on TotalEnergies from $62.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. Scotiabank reduced their price target on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. Dbs Bank raised TotalEnergies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Finally, HSBC reaffirmed a “buy” rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.36.

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.