Hsbc Holdings PLC Has $522,000 Stake in TotalEnergies SE Sponsored ADR $TTE

Hsbc Holdings PLC lowered its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 31.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,131 shares of the company’s stock after selling 3,757 shares during the quarter. Hsbc Holdings PLC’s holdings in TotalEnergies were worth $522,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TTE. Dimensional Fund Advisors LP increased its stake in shares of TotalEnergies by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 373,728 shares of the company’s stock valued at $20,368,000 after acquiring an additional 20,734 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of TotalEnergies by 8,565.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,726 shares of the company’s stock worth $203,000 after acquiring an additional 3,683 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of TotalEnergies in the 4th quarter worth $5,010,000. Aptus Capital Advisors LLC boosted its holdings in shares of TotalEnergies by 28.6% in the 4th quarter. Aptus Capital Advisors LLC now owns 12,043 shares of the company’s stock worth $661,000 after buying an additional 2,677 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of TotalEnergies by 29.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 322,224 shares of the company’s stock worth $17,561,000 after buying an additional 73,481 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

TTE has been the topic of several recent research reports. Scotiabank set a $65.00 price objective on shares of TotalEnergies and gave the company a “sector perform” rating in a report on Friday, July 11th. Morgan Stanley raised shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price target on the stock in a report on Monday, May 12th. HSBC restated a “buy” rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Sanford C. Bernstein upgraded shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a research report on Monday, June 16th. Finally, Dbs Bank upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.95.

TotalEnergies Stock Performance

NYSE:TTE opened at $62.78 on Tuesday. The firm has a market cap of $150.52 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.07 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $69.81. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The business has a 50 day moving average price of $61.69 and a 200-day moving average price of $60.63.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data 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). The company had revenue of $44.68 billion for the quarter, compared to analysts’ expectations of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. Equities research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

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

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.