Brentview Investment Management LLC Makes New $45,000 Investment in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Brentview Investment Management LLC acquired a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 1st quarter, Holdings Channel.com reports. The firm acquired 693 shares of the company’s stock, valued at approximately $45,000.

Other hedge funds have also made changes to their positions in the company. Financial Management Professionals Inc. increased its position in TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock worth $31,000 after purchasing an additional 192 shares in the last quarter. Inlight Wealth Management LLC purchased a new stake in TotalEnergies in the 1st quarter valued at about $32,000. Bernard Wealth Management Corp. acquired a new position in shares of TotalEnergies in the 4th quarter valued at about $32,000. Arlington Trust Co LLC acquired a new position in shares of TotalEnergies in the 1st quarter valued at about $39,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of TotalEnergies in the 1st quarter valued at about $65,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Down 2.7%

Shares of TTE stock opened at $59.80 on Thursday. The stock has a 50-day simple moving average of $61.13 and a 200 day simple moving average of $60.23. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $70.50. The stock has a market capitalization of $143.38 billion, a P/E ratio of 10.85, a P/E/G ratio of 1.07 and a beta of 0.57. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40.

TotalEnergies (NYSE:TTE) last announced its earnings results on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $42.44 billion. On average, sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal 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 paid a dividend of $0.7108 per share. This represents a dividend yield of 4.54%. The ex-dividend date was Wednesday, June 18th. TotalEnergies’s dividend payout ratio (DPR) is presently 53.72%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Sanford C. Bernstein raised TotalEnergies from a “market perform” rating to an “outperform” rating in a research report on Monday, June 16th. Scotiabank set a $65.00 price target on TotalEnergies and gave the company a “sector perform” rating in a report on Friday, July 11th. Morgan Stanley upgraded TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price target for the company in a report on Monday, May 12th. HSBC reissued a “buy” rating on shares of TotalEnergies in a report on Tuesday, May 13th. Finally, Dbs Bank raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.45.

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.