TotalEnergies SE Sponsored ADR $TTE Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 7.6% during the first quarter, HoldingsChannel reports. The fund owned 5,044 shares of the company’s stock after selling 416 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in TotalEnergies were worth $327,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Colonial Trust Advisors acquired a new position in TotalEnergies during the first quarter worth $183,000. HITE Hedge Asset Management LLC acquired a new position in TotalEnergies during the first quarter worth $12,309,000. Qtron Investments LLC grew its holdings in TotalEnergies by 16.7% in the first quarter. Qtron Investments LLC now owns 30,343 shares of the company’s stock valued at $1,963,000 after purchasing an additional 4,332 shares during the last quarter. Aviso Financial Inc. increased its position in shares of TotalEnergies by 10.5% in the first quarter. Aviso Financial Inc. now owns 47,154 shares of the company’s stock valued at $3,050,000 after buying an additional 4,476 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of TotalEnergies by 5.2% during the 1st quarter. Northern Trust Corp now owns 1,876,331 shares of the company’s stock worth $121,380,000 after buying an additional 93,314 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Up 1.0%

TTE opened at $64.0850 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The firm has a market cap of $153.66 billion, a P/E ratio of 11.63, a PEG ratio of 1.10 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $70.50. The business’s fifty day simple moving average is $61.69 and its 200 day simple moving average is $60.57.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The company had revenue of $44.68 billion for the quarter, compared to analyst estimates of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. As a group, equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were paid a $0.7108 dividend. This represents a yield of 454.0%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies’s dividend payout ratio (DPR) is presently 53.72%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Sanford C. Bernstein raised shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. Piper Sandler increased their price objective on shares of TotalEnergies from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, August 18th. Scotiabank set a $65.00 price objective on shares of TotalEnergies and gave the company a “sector perform” rating in a research note on Friday, July 11th. HSBC reissued a “buy” rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Finally, Morgan Stanley raised shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price objective on the stock in a research note on Monday, May 12th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.95.

About TotalEnergies

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.