Intercontinental Wealth Advisors LLC Decreases Stake in TotalEnergies SE (NYSE:TTE)

Intercontinental Wealth Advisors LLC lessened its stake in TotalEnergies SE (NYSE:TTEGet Rating) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,032 shares of the company’s stock after selling 280 shares during the quarter. Intercontinental Wealth Advisors LLC’s holdings in TotalEnergies were worth $305,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TTE. Front Row Advisors LLC acquired a new stake in TotalEnergies in the fourth quarter worth $25,000. Sterling Investment Advisors Ltd. bought a new position in TotalEnergies during the first quarter valued at about $25,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of TotalEnergies in the 4th quarter valued at $26,000. EverSource Wealth Advisors LLC acquired a new position in shares of TotalEnergies in the 4th quarter valued at $27,000. Finally, Core Alternative Capital purchased a new stake in TotalEnergies in the 4th quarter worth about $27,000. 16.60% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 0.5 %

TTE stock opened at $49.68 on Friday. The company has a market cap of $129.50 billion, a P/E ratio of 6.30, a PEG ratio of 0.46 and a beta of 0.76. TotalEnergies SE has a twelve month low of $42.21 and a twelve month high of $61.15. The company has a quick ratio of 0.99, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average of $52.57 and a 200-day moving average of $53.01.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, July 14th. Investors of record on Friday, June 17th were paid a dividend of $0.5099 per share. The ex-dividend date of this dividend was Thursday, June 16th. This represents a dividend yield of 3.66%. TotalEnergies’s dividend payout ratio (DPR) is presently 25.73%.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of recent analyst reports. Credit Suisse Group began coverage on TotalEnergies in a research note on Thursday, June 9th. They issued an “outperform” rating on the stock. UBS Group raised their target price on TotalEnergies from €57.00 ($58.76) to €59.00 ($60.82) and gave the stock a “buy” rating in a research report on Friday, April 29th. Berenberg Bank upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research report on Friday, May 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on TotalEnergies from €48.10 ($49.59) to €51.30 ($52.89) and gave the company a “hold” rating in a research report on Wednesday, July 6th. Finally, Morgan Stanley lifted their price objective on TotalEnergies from €56.00 ($57.73) to €58.00 ($59.79) in a research report on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.63.

About TotalEnergies

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TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas, Renewables & Power segment engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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