Boston Partners Decreases Holdings in TotalEnergies SE Sponsored ADR $TTE

Boston Partners trimmed its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 75.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 8,247 shares of the company’s stock after selling 25,790 shares during the quarter. Boston Partners’ holdings in TotalEnergies were worth $534,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TTE. Financial Management Professionals Inc. raised its position in shares of TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock valued at $31,000 after buying an additional 192 shares in the last quarter. Bernard Wealth Management Corp. purchased a new stake in TotalEnergies in the 4th quarter worth about $32,000. Inlight Wealth Management LLC purchased a new stake in TotalEnergies in the 1st quarter worth about $32,000. Costello Asset Management INC purchased a new stake in TotalEnergies in the 1st quarter worth about $32,000. Finally, SouthState Corp raised its position in TotalEnergies by 126.1% in the 1st quarter. SouthState Corp now owns 572 shares of the company’s stock worth $37,000 after purchasing an additional 319 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

Shares of TTE stock opened at $62.24 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. The company has a market capitalization of $149.23 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.08 and a beta of 0.59. The company’s 50-day simple moving average is $61.59 and its two-hundred day simple moving average is $60.44. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $70.50.

TotalEnergies (NYSE:TTE) last issued 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 company had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. As a group, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, June 19th were paid a dividend of $0.7108 per share. The ex-dividend date was Wednesday, June 18th. This represents a dividend yield of 454.0%. TotalEnergies’s dividend payout ratio (DPR) is currently 53.72%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TTE. Scotiabank set a $65.00 price objective on shares of TotalEnergies and gave the stock a “sector perform” rating in a research report on Friday, July 11th. Dbs Bank raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Piper Sandler reduced their price objective on shares of TotalEnergies from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, July 18th. Morgan Stanley raised shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price objective on the stock in a research report on Monday, May 12th. Finally, Sanford C. Bernstein raised shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a research report on Monday, June 16th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.45.

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.