PFG Investments LLC Trims Stock Position in TotalEnergies SE Sponsored ADR (NYSE:TTE)

PFG Investments LLC lowered its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 1.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 9,519 shares of the company’s stock after selling 179 shares during the period. PFG Investments LLC’s holdings in TotalEnergies were worth $616,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of TotalEnergies by 121.1% during the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company’s stock valued at $416,828,000 after buying an additional 4,189,652 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of TotalEnergies by 41.7% during the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock valued at $309,851,000 after buying an additional 1,672,387 shares during the last quarter. Royal Bank of Canada raised its stake in shares of TotalEnergies by 10.0% during the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company’s stock valued at $159,000,000 after buying an additional 265,251 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of TotalEnergies by 19.5% during the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company’s stock valued at $157,309,000 after buying an additional 471,291 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of TotalEnergies during the 4th quarter valued at about $156,044,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Down 1.9%

TTE stock opened at $61.42 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. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $71.03. The stock has a market cap of $147.27 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.30 and a beta of 0.56. The business’s 50-day moving average is $59.40 and its 200 day moving average is $59.08.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data 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). TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. The firm had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. During the same quarter in the previous year, the firm posted $2.14 earnings per share. On average, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 11th. Investors of record on Thursday, June 19th will be issued a $0.7108 dividend. This represents a yield of 4.54%. The ex-dividend date is Wednesday, June 18th. TotalEnergies’s payout ratio is 47.81%.

Analysts Set New Price Targets

A number of research firms have recently commented on TTE. BNP Paribas upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 15th. Dbs Bank upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Scotiabank dropped their target price on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. Finally, Piper Sandler raised their target price on TotalEnergies from $62.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus price target of $69.36.

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.