Investors Research Corp Acquires 200 Shares of TotalEnergies SE Sponsored ADR $TTE

Investors Research Corp increased its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,692 shares of the company’s stock after purchasing an additional 200 shares during the period. Investors Research Corp’s holdings in TotalEnergies were worth $779,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of TotalEnergies by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company’s stock worth $278,366,000 after buying an additional 169,435 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of TotalEnergies by 23.1% during the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock valued at $229,780,000 after acquiring an additional 665,620 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of TotalEnergies by 53.0% during the first quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock valued at $209,112,000 after acquiring an additional 1,119,406 shares during the period. Raymond James Financial Inc. boosted its stake in shares of TotalEnergies by 9.9% in the 1st quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company’s stock valued at $203,566,000 after purchasing an additional 283,595 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of TotalEnergies by 6.4% in the 1st quarter. Royal Bank of Canada now owns 3,104,000 shares of the company’s stock worth $200,797,000 after purchasing an additional 186,562 shares during the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Trading Down 0.4%

TTE opened at $61.17 on Friday. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $69.81. The stock has a market capitalization of $146.67 billion, a PE ratio of 11.10, a PEG ratio of 1.05 and a beta of 0.59. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $61.62 and a two-hundred day moving average price of $60.67.

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

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 11th. Investors of record on Thursday, June 19th were given a $0.7108 dividend. This represents a yield of 454.0%. The ex-dividend date was Wednesday, June 18th. TotalEnergies’s dividend payout ratio (DPR) is presently 61.71%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of TotalEnergies from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, August 18th. Sanford C. Bernstein upgraded shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. Finally, Scotiabank set a $65.00 target price on TotalEnergies and gave the stock a “sector perform” rating in a report on Friday, July 11th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and an average price target of $66.95.

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.