TotalEnergies SE Sponsored ADR $TTE Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 85.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,123 shares of the company’s stock after acquiring an additional 9,724 shares during the quarter. Russell Investments Group Ltd.’s holdings in TotalEnergies were worth $1,366,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. lifted its holdings in TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock worth $31,000 after buying an additional 192 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of TotalEnergies during the 4th quarter valued at about $32,000. Inlight Wealth Management LLC bought a new stake in shares of TotalEnergies during the 1st quarter valued at about $32,000. Costello Asset Management INC bought a new stake in shares of TotalEnergies during the 1st quarter valued at about $32,000. Finally, SouthState Corp boosted its stake in TotalEnergies by 126.1% during the 1st quarter. SouthState Corp now owns 572 shares of the company’s stock valued at $37,000 after purchasing an additional 319 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on TTE. HSBC reissued a “buy” rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Morgan Stanley raised 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 note on Monday, May 12th. Piper Sandler upped their price target on shares of 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 price target on shares of TotalEnergies and gave the company a “sector perform” rating in a research report on Friday, July 11th. Finally, Dbs Bank upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $66.95.

TotalEnergies Price Performance

Shares of TotalEnergies stock opened at $62.01 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $69.81. The firm has a fifty day moving average price of $61.66 and a two-hundred day moving average price of $60.60. The company has a market cap of $148.67 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.06 and a beta of 0.59.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The company had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. Analysts expect 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 issued 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 (DPR) is presently 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.