Integrated Wealth Concepts LLC Cuts Stock Position in TotalEnergies SE Sponsored ADR $TTE

Integrated Wealth Concepts LLC decreased its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 9.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,934 shares of the company’s stock after selling 1,720 shares during the period. Integrated Wealth Concepts LLC’s holdings in TotalEnergies were worth $1,031,000 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. increased its stake 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 buying an additional 192 shares during the period. Bernard Wealth Management Corp. purchased a new stake in TotalEnergies during the 4th quarter worth $32,000. Inlight Wealth Management LLC purchased a new stake in TotalEnergies during the 1st quarter worth $32,000. Costello Asset Management INC purchased a new stake in TotalEnergies during the 1st quarter worth $32,000. Finally, SouthState Corp increased its stake in TotalEnergies by 126.1% during the 1st quarter. SouthState Corp now owns 572 shares of the company’s stock worth $37,000 after buying an additional 319 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of TTE stock opened at $61.43 on Friday. The firm has a market cap of $147.29 billion, a P/E ratio of 11.15, a P/E/G ratio of 1.07 and a beta of 0.59. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $69.81. The firm has a fifty day moving average of $61.66 and a two-hundred day moving average of $60.66.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.05). The company had revenue of $44.68 billion for the quarter, compared to analyst estimates of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. As a group, research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 11th. Investors of record on Thursday, June 19th were given a dividend of $0.7108 per share. This represents a dividend yield of 454.0%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies’s dividend payout ratio is currently 53.72%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TTE. Piper Sandler lifted their price target on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. Scotiabank set a $65.00 price target on shares of TotalEnergies and gave the stock a “sector perform” rating in a research note on Friday, July 11th. Finally, Sanford C. Bernstein raised shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus target price of $66.95.

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.