Crumly & Associates Inc. Sells 320 Shares of TotalEnergies SE Sponsored ADR $TTE

Crumly & Associates Inc. decreased its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,151 shares of the company’s stock after selling 320 shares during the period. Crumly & Associates Inc.’s holdings in TotalEnergies were worth $562,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. boosted its position in shares of TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock valued at $31,000 after buying an additional 192 shares during the last quarter. Bernard Wealth Management Corp. purchased a new position in shares of TotalEnergies during the fourth quarter valued at approximately $32,000. Inlight Wealth Management LLC purchased a new position in shares of TotalEnergies during the first quarter valued at approximately $32,000. Costello Asset Management INC purchased a new position in shares of TotalEnergies during the first quarter valued at approximately $32,000. Finally, SouthState Corp boosted its position in shares of TotalEnergies by 126.1% during the first quarter. SouthState Corp now owns 572 shares of the company’s stock valued at $37,000 after buying an additional 319 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Down 0.4%

TTE stock opened at $61.17 on Friday. The stock’s fifty day simple moving average is $61.62 and its two-hundred day simple moving average is $60.67. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $69.81. The stock has a market cap of $146.67 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.05 and a beta of 0.59.

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

TotalEnergies Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

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.