GAMMA Investing LLC Has $224,000 Position in TotalEnergies SE Sponsored ADR (NYSE:TTE)

GAMMA Investing LLC boosted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 16.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,455 shares of the company’s stock after acquiring an additional 499 shares during the period. GAMMA Investing LLC’s holdings in TotalEnergies were worth $224,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTE. Financial Management Professionals Inc. raised its position in shares of TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock valued at $31,000 after buying an additional 192 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in TotalEnergies during the fourth quarter valued at approximately $32,000. General Partner Inc. acquired a new position in TotalEnergies during the first quarter valued at approximately $65,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake 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 purchasing an additional 728 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of TotalEnergies by 108.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company’s stock valued at $65,000 after purchasing an additional 617 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on TTE. HSBC reissued a “buy” rating on shares of TotalEnergies in a report on Tuesday, May 13th. BNP Paribas raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. Morgan Stanley upgraded 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 note on Monday, May 12th. Dbs Bank raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Finally, Piper Sandler increased their price objective on shares of TotalEnergies from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.96.

TotalEnergies Stock Down 0.6%

Shares of NYSE TTE opened at $63.11 on Friday. The company has a 50 day simple moving average of $59.95 and a 200 day simple moving average of $59.35. 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 SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $71.03. The firm has a market cap of $151.32 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 1.27 and a beta of 0.57.

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

TotalEnergies Cuts Dividend

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

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.