WCM Investment Management LLC Has $2.88 Million Stake in TotalEnergies SE Sponsored ADR (NYSE:TTE)

WCM Investment Management LLC lowered its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 1.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,877 shares of the company’s stock after selling 859 shares during the period. WCM Investment Management LLC’s holdings in TotalEnergies were worth $2,879,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its holdings in shares of TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock valued at $31,000 after acquiring an additional 192 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in TotalEnergies during the fourth quarter worth about $32,000. Inlight Wealth Management LLC acquired a new position in TotalEnergies during the first quarter valued at approximately $32,000. SRS Capital Advisors Inc. boosted its position in TotalEnergies by 108.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company’s stock valued at $65,000 after purchasing an additional 617 shares during the last quarter. Finally, General Partner Inc. bought a new position in TotalEnergies in the first quarter valued at approximately $65,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TTE. Sanford C. Bernstein upgraded TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. HSBC reaffirmed a “buy” rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Piper Sandler lifted their price objective on shares of TotalEnergies from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday. BNP Paribas upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. Finally, Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Four investment analysts have rated the stock with a hold rating, eight 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 an average price target of $69.96.

TotalEnergies Stock Performance

Shares of TTE stock opened at $63.44 on Thursday. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $71.03. The company has a market capitalization of $152.11 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 1.24 and a beta of 0.57. The company has a 50-day simple moving average of $59.87 and a 200 day simple moving average of $59.29. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.07.

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

TotalEnergies Cuts Dividend

The business 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 is Wednesday, June 18th. TotalEnergies’s dividend payout ratio is currently 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.