TotalEnergies SE Sponsored ADR $TTE Shares Purchased by Aprio Wealth Management LLC

Aprio Wealth Management LLC raised its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 95.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 8,498 shares of the company’s stock after acquiring an additional 4,151 shares during the quarter. Aprio Wealth Management LLC’s holdings in TotalEnergies were worth $550,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. HighTower Advisors LLC increased its stake in shares of TotalEnergies by 2.5% during the first quarter. HighTower Advisors LLC now owns 768,826 shares of the company’s stock valued at $49,735,000 after acquiring an additional 19,043 shares during the period. Sowell Financial Services LLC bought a new stake in TotalEnergies during the first quarter worth approximately $280,000. Leo Wealth LLC boosted its stake in TotalEnergies by 106.7% in the 1st quarter. Leo Wealth LLC now owns 20,931 shares of the company’s stock worth $1,354,000 after purchasing an additional 10,805 shares during the period. Banco Santander S.A. boosted its stake in TotalEnergies by 26.1% in the 1st quarter. Banco Santander S.A. now owns 66,888 shares of the company’s stock worth $4,327,000 after purchasing an additional 13,850 shares during the period. Finally, Royal Bank of Canada boosted its stake in TotalEnergies by 10.0% in the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company’s stock worth $159,000,000 after purchasing an additional 265,251 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Ratings Changes

TTE has been the subject of a number of research analyst reports. Morgan Stanley upgraded shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 target price for the company in a research report on Monday, May 12th. Dbs Bank upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Piper Sandler lifted their target price on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. Scotiabank set a $65.00 price target on shares of TotalEnergies and gave the stock a “sector perform” rating in a research report on Friday, July 11th. Finally, Sanford C. Bernstein upgraded TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. Three research 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.95.

TotalEnergies Stock Down 1.4%

NYSE TTE opened at $61.69 on Thursday. The stock has a fifty day moving average of $61.74 and a 200-day moving average of $60.65. 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 stock has a market capitalization of $147.92 billion, a P/E ratio of 11.20, a price-to-earnings-growth ratio of 1.07 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $69.81.

TotalEnergies (NYSE:TTE) last released its earnings results on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The business 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%. On average, equities research analysts forecast 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 issued a $0.7108 dividend. This represents a yield of 454.0%. The ex-dividend date was Wednesday, June 18th. TotalEnergies’s dividend payout ratio is currently 53.72%.

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.