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Leo Wealth LLC Grows Position in TotalEnergies SE Sponsored ADR (NYSE:TTE)

TotalEnergies logo with Energy background

Leo Wealth LLC raised its position 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 SEC. The fund owned 20,931 shares of the company's stock after buying an additional 10,805 shares during the period. Leo Wealth LLC's holdings in TotalEnergies were worth $1,354,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in TotalEnergies by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 137,580 shares of the company's stock worth $7,498,000 after acquiring an additional 942 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of TotalEnergies by 13.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,632 shares of the company's stock valued at $198,000 after purchasing an additional 424 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of TotalEnergies by 29.5% during the 4th quarter. Farther Finance Advisors LLC now owns 4,476 shares of the company's stock worth $244,000 after purchasing an additional 1,020 shares during the period. HBK Sorce Advisory LLC purchased a new position in shares of TotalEnergies in the 4th quarter worth about $245,000. Finally, one8zero8 LLC bought a new position in TotalEnergies during the fourth quarter valued at about $425,000. Institutional investors own 16.53% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TTE. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Scotiabank dropped their price objective on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Finally, Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.96.

Check Out Our Latest Analysis on TTE

TotalEnergies Stock Performance

Shares of NYSE TTE traded down $0.70 during mid-day trading on Monday, hitting $62.32. The company had a trading volume of 1,141,379 shares, compared to its average volume of 1,736,656. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. 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 capitalization of $149.41 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 1.26 and a beta of 0.57. The stock's 50-day moving average price is $60.40 and its 200-day moving average price is $59.77.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. The company had revenue of $47.90 billion for the quarter, compared to analysts' expectations of $41.23 billion. During the same period in the previous year, the firm earned $2.14 EPS. On average, sell-side analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share 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 dividend of $0.7108 per share. This represents a yield of 4.54%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's dividend payout ratio (DPR) is presently 49.83%.

TotalEnergies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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