Arkadios Wealth Advisors Acquires 8,172 Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE)

Arkadios Wealth Advisors boosted its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 83.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,000 shares of the company’s stock after buying an additional 8,172 shares during the period. Arkadios Wealth Advisors’ holdings in TotalEnergies were worth $1,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTE. Financial Management Professionals Inc. boosted its stake in TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock valued at $31,000 after buying an additional 192 shares during the last quarter. Bernard Wealth Management Corp. bought a new position in TotalEnergies during the fourth quarter valued at approximately $32,000. Inlight Wealth Management LLC bought a new position in TotalEnergies during the first quarter valued at approximately $32,000. Arlington Trust Co LLC bought a new position in TotalEnergies during the first quarter valued at approximately $39,000. Finally, General Partner Inc. bought a new position in TotalEnergies during the first quarter valued at approximately $65,000. 16.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on TTE. Sanford C. Bernstein raised TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. HSBC reissued a “buy” rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Dbs Bank raised TotalEnergies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. Morgan Stanley raised TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price objective for the company in a research note on Monday, May 12th. Finally, BNP Paribas raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. Four equities research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.45.

TotalEnergies Trading Down 0.7%

TTE opened at $59.14 on Friday. The stock’s fifty day moving average is $61.18 and its two-hundred day moving average is $60.26. The company has a market capitalization of $141.80 billion, a P/E ratio of 10.73, a PEG ratio of 1.04 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $70.50. 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 quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) 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 analysts’ expectations of $42.44 billion. Analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

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