Signaturefd LLC Raises Stake in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Signaturefd LLC boosted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,340 shares of the company’s stock after acquiring an additional 1,841 shares during the quarter. Signaturefd LLC’s holdings in TotalEnergies were worth $2,480,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. boosted its holdings in TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock worth $31,000 after acquiring an additional 192 shares during the period. Bernard Wealth Management Corp. purchased a new position in TotalEnergies in the 4th quarter worth approximately $32,000. Inlight Wealth Management LLC purchased a new position in TotalEnergies in the 1st quarter worth approximately $32,000. Arlington Trust Co LLC purchased a new position in TotalEnergies in the 1st quarter worth approximately $39,000. Finally, General Partner Inc. purchased a new position in TotalEnergies in the 1st quarter worth approximately $65,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Sanford C. Bernstein upgraded TotalEnergies from a “market perform” rating to an “outperform” rating in a report on Monday, June 16th. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Morgan Stanley raised 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. Dbs Bank raised TotalEnergies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Finally, Piper Sandler upped their target price on TotalEnergies from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, July 2nd. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.96.

TotalEnergies Stock Performance

TTE stock opened at $62.32 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. The firm has a market cap of $149.41 billion, a P/E ratio of 10.49, a P/E/G ratio of 1.26 and a beta of 0.57. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $70.50. The stock’s 50 day simple moving average is $60.50 and its 200 day simple moving average is $59.82.

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

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 11th. Investors 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 yield of 4.54%. TotalEnergies’s payout ratio is currently 49.83%.

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.