Aviso Financial Inc. Grows Position in TotalEnergies SE Sponsored ADR $TTE

Aviso Financial Inc. boosted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 10.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 47,154 shares of the company’s stock after buying an additional 4,476 shares during the quarter. Aviso Financial Inc.’s holdings in TotalEnergies were worth $3,050,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Financial Management Professionals Inc. lifted its position in shares of TotalEnergies by 65.8% in the first 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. purchased a new position in shares of TotalEnergies in the fourth quarter valued at about $32,000. Inlight Wealth Management LLC purchased a new position in shares of TotalEnergies in the first quarter valued at about $32,000. Costello Asset Management INC purchased a new position in shares of TotalEnergies in the first quarter valued at about $32,000. Finally, SouthState Corp lifted its position in shares of TotalEnergies by 126.1% in the first quarter. SouthState Corp now owns 572 shares of the company’s stock valued at $37,000 after acquiring an additional 319 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on TTE shares. Scotiabank set a $65.00 target price on TotalEnergies and gave the stock a “sector perform” rating in a research report on Friday, July 11th. Sanford C. Bernstein upgraded TotalEnergies from a “market perform” rating to an “outperform” rating in a research report on Monday, June 16th. Piper Sandler decreased their target price on TotalEnergies from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, July 18th. Morgan Stanley upgraded TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 target price on the stock in a research report on Monday, May 12th. Finally, HSBC reiterated a “buy” rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $66.45.

TotalEnergies Trading Up 1.2%

Shares of NYSE TTE opened at $62.24 on Monday. The business’s 50 day moving average is $61.59 and its two-hundred day moving average is $60.44. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $70.50. The stock has a market capitalization of $149.23 billion, a P/E ratio of 11.30, a PEG ratio of 1.08 and a beta of 0.59.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data 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 company had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. As a group, research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, June 19th were paid a dividend of $0.7108 per share. 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%.

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.