Wealth Enhancement Advisory Services LLC Purchases 18,446 Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE)

Wealth Enhancement Advisory Services LLC grew its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 34.5% during the first quarter, HoldingsChannel reports. The firm owned 71,856 shares of the company’s stock after buying an additional 18,446 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in TotalEnergies were worth $4,648,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Financial Management Professionals Inc. raised its position in shares of TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock valued at $31,000 after purchasing an additional 192 shares during the period. Bernard Wealth Management Corp. bought a new position in TotalEnergies during the fourth quarter worth $32,000. SRS Capital Advisors Inc. increased its position in TotalEnergies by 108.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company’s stock worth $65,000 after acquiring an additional 617 shares during the period. General Partner Inc. bought a new position in TotalEnergies during the first quarter worth $65,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in TotalEnergies by 173.7% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,147 shares of the company’s stock worth $74,000 after acquiring an additional 728 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Up 1.0%

Shares of TotalEnergies stock opened at $61.00 on Thursday. The firm has a market capitalization of $146.26 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.86. The company’s fifty day moving average price is $59.54 and its two-hundred day moving average price is $59.11. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $71.03.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. The firm had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. During the same quarter in the prior year, the firm posted $2.14 EPS. On average, analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, July 11th. Stockholders of record on Thursday, June 19th will be paid a $0.7108 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a dividend yield of 4.54%. TotalEnergies’s dividend payout ratio is presently 47.81%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TTE. Scotiabank dropped their target price on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. HSBC reaffirmed a “buy” rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Citigroup raised shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. BNP Paribas raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 15th. Finally, Sanford C. Bernstein raised shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a research report on Monday, June 16th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.36.

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.