Argonautica Private Wealth Management Inc. Boosts Stake in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Argonautica Private Wealth Management Inc. grew its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 13.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,380 shares of the company’s stock after purchasing an additional 769 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in TotalEnergies were worth $413,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in TotalEnergies by 121.1% in the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company’s stock worth $416,828,000 after acquiring an additional 4,189,652 shares during the last quarter. Franklin Resources Inc. grew its position in 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 in the last quarter. Northern Trust Corp grew its position in 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 in the last quarter. BNP Paribas Financial Markets grew its position in TotalEnergies by 295.3% during the 4th quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company’s stock worth $37,577,000 after purchasing an additional 515,088 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in TotalEnergies by 19.5% in the fourth quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company’s stock worth $157,309,000 after purchasing an additional 471,291 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

NYSE TTE opened at $62.48 on Thursday. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $70.50. The company’s 50 day simple moving average is $61.00 and its two-hundred day simple moving average is $60.10. The stock has a market capitalization of $149.80 billion, a PE ratio of 10.52, a P/E/G ratio of 1.25 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.86.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.07). TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. Analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, July 11th. Investors of record on Thursday, June 19th were paid a dividend of $0.7108 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a yield of 4.54%. TotalEnergies’s payout ratio is 49.83%.

Analyst Ratings Changes

TTE has been the topic of several research analyst reports. Dbs Bank raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. 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 research report on Monday, May 12th. Citigroup raised shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. HSBC reissued a “buy” rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Finally, Scotiabank set a $65.00 target price on TotalEnergies and gave the company a “sector perform” rating in a research note on Friday, July 11th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.45.

TotalEnergies 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.