Intrua Financial LLC Lowers Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Intrua Financial LLC reduced its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 1.9% during the 1st quarter, HoldingsChannel reports. The firm owned 12,556 shares of the company’s stock after selling 239 shares during the period. Intrua Financial LLC’s holdings in TotalEnergies were worth $812,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Management Professionals Inc. grew its stake 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 purchasing an additional 192 shares during the last quarter. Bernard Wealth Management Corp. purchased a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $32,000. Inlight Wealth Management LLC purchased a new stake in shares of TotalEnergies in the first quarter valued at approximately $32,000. Costello Asset Management INC purchased a new stake in shares of TotalEnergies in the first quarter valued at approximately $32,000. Finally, SouthState Corp boosted its stake 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 buying an additional 319 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Down 1.2%

TTE opened at $61.43 on Friday. The business’s fifty day moving average is $61.66 and its two-hundred day moving average is $60.66. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The company has a market cap of $147.29 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 1.07 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $69.81.

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

TotalEnergies Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were given a dividend of $0.7108 per share. This represents a yield of 454.0%. The ex-dividend date was Wednesday, June 18th. TotalEnergies’s payout ratio is presently 53.72%.

Wall Street Analysts Forecast Growth

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

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.