Atria Wealth Solutions Inc. Sells 7,612 Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE)

Atria Wealth Solutions Inc. cut its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 60.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 4,946 shares of the company’s stock after selling 7,612 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in TotalEnergies were worth $322,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Financial Management Professionals Inc. increased its holdings in shares of TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock worth $31,000 after buying an additional 192 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in shares of TotalEnergies during the first quarter worth $32,000. Costello Asset Management INC acquired a new position in shares of TotalEnergies during the first quarter worth $32,000. Bernard Wealth Management Corp. acquired a new position in shares of TotalEnergies during the fourth quarter worth $32,000. Finally, Arlington Trust Co LLC acquired a new position in shares of TotalEnergies during the first quarter worth $39,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $62.24 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $61.59 and a two-hundred day moving average price of $60.41. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $70.50. The company has a market cap of $149.23 billion, a P/E ratio of 11.30, a PEG ratio of 1.07 and a beta of 0.59.

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

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were issued a dividend of $0.7108 per share. This represents a yield of 454.0%. The ex-dividend date was Wednesday, June 18th. TotalEnergies’s dividend payout ratio (DPR) is presently 53.72%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TTE shares. Dbs Bank upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Morgan Stanley upgraded TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price objective for the company in a report on Monday, May 12th. HSBC restated a “buy” rating on shares of TotalEnergies in a report on Tuesday, May 13th. Piper Sandler decreased their price objective on TotalEnergies from $68.00 to $66.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Finally, Sanford C. Bernstein upgraded TotalEnergies from a “market perform” rating to an “outperform” rating in a report on Monday, June 16th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.45.

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.