Baker Ellis Asset Management LLC Lowers Stock Position in TotalEnergies SE Sponsored ADR $TTE

Baker Ellis Asset Management LLC decreased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 22.4% during the 2nd quarter, Holdings Channel reports. The fund owned 9,000 shares of the company’s stock after selling 2,600 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in TotalEnergies were worth $553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its holdings in TotalEnergies by 2.5% during the first quarter. HighTower Advisors LLC now owns 768,826 shares of the company’s stock worth $49,735,000 after purchasing an additional 19,043 shares in the last quarter. Sowell Financial Services LLC purchased a new position in TotalEnergies in the 1st quarter valued at $280,000. Leo Wealth LLC grew its position in TotalEnergies by 106.7% in the 1st quarter. Leo Wealth LLC now owns 20,931 shares of the company’s stock valued at $1,354,000 after buying an additional 10,805 shares during the last quarter. Banco Santander S.A. grew its position in TotalEnergies by 26.1% in the 1st quarter. Banco Santander S.A. now owns 66,888 shares of the company’s stock valued at $4,327,000 after buying an additional 13,850 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of TotalEnergies by 10.0% during the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company’s stock worth $159,000,000 after purchasing an additional 265,251 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TTE shares. Piper Sandler upped their price target on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. Sanford C. Bernstein raised TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. Finally, Scotiabank set a $65.00 target price on shares of TotalEnergies and gave the company a “sector perform” rating in a research note on Friday, July 11th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.95.

TotalEnergies Stock Down 0.4%

Shares of NYSE:TTE opened at $61.17 on Monday. The stock has a market capitalization of $146.67 billion, a P/E ratio of 11.10, a PEG ratio of 1.05 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $69.81. The stock has a 50-day simple moving average of $61.62 and a 200-day simple moving average of $60.67. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00.

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

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were given a $0.7108 dividend. 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 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.