TotalEnergies SE Sponsored ADR (NYSE:TTE) Shares Sold by Golden State Wealth Management LLC

Golden State Wealth Management LLC trimmed its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 63.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,704 shares of the company’s stock after selling 2,898 shares during the quarter. Golden State Wealth Management LLC’s holdings in TotalEnergies were worth $110,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTE. Bank of America Corp DE increased its position 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 worth $416,828,000 after purchasing an additional 4,189,652 shares during the last quarter. Franklin Resources Inc. increased its position 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 worth $309,851,000 after purchasing an additional 1,672,387 shares during the last quarter. Northern Trust Corp increased its position in shares of TotalEnergies by 41.7% during the 4th quarter. Northern Trust Corp now owns 1,783,017 shares of the company’s stock worth $97,174,000 after purchasing an additional 524,314 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in TotalEnergies by 295.3% during the 4th quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company’s stock valued at $37,577,000 after acquiring an additional 515,088 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in 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 acquiring an additional 471,291 shares during the period. 16.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on TTE. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Piper Sandler raised their target price on TotalEnergies from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Dbs Bank upgraded TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Sanford C. Bernstein upgraded TotalEnergies from a “market perform” rating to an “outperform” rating in a report on Monday, June 16th. Finally, Morgan Stanley upgraded TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 target price for the company in a report on Monday, May 12th. Four investment 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.96.

TotalEnergies Stock Performance

Shares of TTE opened at $63.11 on Monday. The stock has a 50-day simple moving average of $60.01 and a 200-day simple moving average of $59.49. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.07. The stock has a market capitalization of $151.32 billion, a PE ratio of 10.62, a PEG ratio of 1.25 and a beta of 0.57. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $70.64.

TotalEnergies (NYSE:TTE) last announced 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). The company had revenue of $47.90 billion during the quarter, compared to analysts’ expectations of $41.23 billion. TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. During the same quarter in the previous year, the business posted $2.14 EPS. On average, analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

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

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.