TotalEnergies SE Sponsored ADR $TTE Shares Newly Acquired by Leo Wealth LLC

Key Points

• Leo Wealth LLC acquired 14,039 TotalEnergies shares during the third quarter, worth approximately $1.2 million. Institutional investors currently own 16.53% of the company.
• TotalEnergies shares opened at $93.67, near their 52-week high of $94.17, with a market capitalization of $224.6 billion and a P/E ratio of 10.75.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $92.71; ratings include one Strong Buy, ten Buys, six Holds and one Sell.

Leo Wealth LLC purchased a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,039 shares of the company's stock, valued at approximately $1,200,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BIP Wealth LLC grew its position in TotalEnergies by 4.0% in the 3rd quarter. BIP Wealth LLC now owns 2,896 shares of the company's stock valued at $248,000 after buying an additional 111 shares in the last quarter. Visionary Horizons LLC increased its stake in TotalEnergies by 3.4% during the 3rd quarter. Visionary Horizons LLC now owns 3,396 shares of the company's stock valued at $290,000 after buying an additional 112 shares during the period. Obermeyer Wealth Partners raised its position in shares of TotalEnergies by 0.6% during the 3rd quarter. Obermeyer Wealth Partners now owns 20,591 shares of the company's stock worth $1,765,000 after buying an additional 119 shares in the last quarter. Crumly & Associates Inc. raised its position in shares of TotalEnergies by 1.6% during the 3rd quarter. Crumly & Associates Inc. now owns 9,206 shares of the company's stock worth $787,000 after buying an additional 148 shares in the last quarter. Finally, Fiduciary Financial Group LLC raised its position in shares of TotalEnergies by 5.9% during the 2nd quarter. Fiduciary Financial Group LLC now owns 2,767 shares of the company's stock worth $215,000 after buying an additional 154 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Price Performance

NYSE:TTE opened at $93.67 on Tuesday. The business's 50-day moving average price is $89.14 and its 200 day moving average price is $84.31. The firm has a market cap of $224.60 billion, a P/E ratio of 10.75 and a beta of 0.18. TotalEnergies SE Sponsored ADR has a 52-week low of $60.58 and a 52-week high of $94.17. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.38.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TTE shares. Zacks Research raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 19th. Barclays reiterated an "overweight" rating on shares of TotalEnergies in a research note on Monday, October 5th. TD Cowen dropped their target price on TotalEnergies from $108.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, October 13th. Weiss Ratings restated a "buy (b)" rating on shares of TotalEnergies in a research report on Thursday. Finally, Piper Sandler increased their price target on TotalEnergies from $84.00 to $93.00 and gave the company a "neutral" rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $92.71.

TotalEnergies Company Profile

TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company's activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.

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