Nisa Investment Advisors LLC Sells 300 Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE)

Nisa Investment Advisors LLC lowered its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 25.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 900 shares of the company’s stock after selling 300 shares during the period. Nisa Investment Advisors LLC’s holdings in TotalEnergies were worth $59,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTE. J2 Capital Management Inc boosted its holdings in TotalEnergies by 3.3% in the 1st quarter. J2 Capital Management Inc now owns 5,954 shares of the company’s stock worth $385,000 after buying an additional 191 shares during the period. Financial Management Professionals Inc. increased 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 worth $31,000 after purchasing an additional 192 shares during the last quarter. Ipswich Investment Management Co. Inc. increased its holdings in shares of TotalEnergies by 0.9% in the 1st quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company’s stock worth $1,483,000 after buying an additional 200 shares during the last quarter. UMB Bank n.a. increased its stake in TotalEnergies by 5.4% in the first quarter. UMB Bank n.a. now owns 3,936 shares of the company’s stock valued at $255,000 after acquiring an additional 201 shares during the last quarter. Finally, Columbus Macro LLC raised its holdings in shares of TotalEnergies by 0.5% during the 1st quarter. Columbus Macro LLC now owns 38,407 shares of the company’s stock valued at $2,485,000 after buying an additional 201 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Down 0.0%

TotalEnergies stock opened at $61.71 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 0.38. The company has a market cap of $147.96 billion, a P/E ratio of 10.39, a P/E/G ratio of 1.24 and a beta of 0.57. The business has a 50-day simple moving average of $60.83 and a two-hundred day simple moving average of $59.95. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $70.50.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). The company had revenue of $47.90 billion for the quarter, compared to analysts’ expectations of $41.23 billion. TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. During the same quarter last year, the firm posted $2.14 earnings per share. Analysts predict 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 was paid on Friday, July 11th. Investors of record on Thursday, June 19th were issued a $0.7108 dividend. This represents a yield of 4.54%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies’s dividend payout ratio is currently 49.83%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. HSBC reiterated a “buy” rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Piper Sandler dropped their price target on TotalEnergies from $68.00 to $66.00 and set a “neutral” rating for the company in a research note on Friday. BNP Paribas raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 15th. Dbs Bank raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Finally, Morgan Stanley upgraded TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price target for the company in a report on Monday, May 12th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.45.

About TotalEnergies

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.