Leo Wealth LLC Has $1.35 Million Position in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Leo Wealth LLC boosted its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 106.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,931 shares of the company's stock after purchasing an additional 10,805 shares during the quarter. Leo Wealth LLC's holdings in TotalEnergies were worth $1,354,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its holdings in shares of 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 acquiring an additional 192 shares during the period. Bernard Wealth Management Corp. acquired a new stake in shares of TotalEnergies during the fourth quarter worth approximately $32,000. Inlight Wealth Management LLC acquired a new stake in shares of TotalEnergies during the first quarter worth approximately $32,000. Arlington Trust Co LLC acquired a new stake in shares of TotalEnergies during the first quarter worth approximately $39,000. Finally, General Partner Inc. bought a new position in TotalEnergies during the first quarter worth $65,000. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective on the stock in a research note on Monday, May 12th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Scotiabank set a $65.00 target price on TotalEnergies and gave the stock a "sector perform" rating in a report on Friday, July 11th. Piper Sandler lifted their target price on TotalEnergies from $65.00 to $68.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Finally, HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, TotalEnergies presently has an average rating of "Moderate Buy" and an average price target of $70.96.

TotalEnergies Stock Down 0.9%

NYSE TTE traded down $0.59 during trading on Thursday, reaching $61.27. 741,796 shares of the company's stock were exchanged, compared to its average volume of 1,664,823. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $70.50. The firm has a market capitalization of $146.89 billion, a PE ratio of 10.32, a P/E/G ratio of 1.24 and a beta of 0.57. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. The company's fifty day simple moving average is $60.68 and its 200-day simple moving average is $59.85.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. The business had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. During the same quarter in the previous year, the business posted $2.14 earnings per share. Sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were given a dividend of $0.7108 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a yield of 4.54%. TotalEnergies's payout ratio is presently 57.24%.

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.