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

Leo Wealth LLC boosted its stake in shares of TotalEnergies SE (NYSE:TTE) by 6.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 17,919 shares of the company’s stock after acquiring an additional 1,047 shares during the period. Leo Wealth LLC’s holdings in TotalEnergies were worth $1,158,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mather Group LLC. purchased a new position in TotalEnergies in the first quarter valued at $55,000. Ballentine Partners LLC boosted its holdings in shares of TotalEnergies by 30.5% in the 1st quarter. Ballentine Partners LLC now owns 12,173 shares of the company’s stock valued at $838,000 after buying an additional 2,845 shares in the last quarter. AdvisorNet Financial Inc lifted its position in TotalEnergies by 44.5% in the first quarter. AdvisorNet Financial Inc now owns 5,215 shares of the company’s stock valued at $359,000 after acquiring an additional 1,607 shares during the last quarter. Riverview Trust Co purchased a new position in shares of TotalEnergies during the first quarter worth about $120,000. Finally, Atlas Capital Advisors LLC acquired a new stake in shares of TotalEnergies in the 1st quarter valued at about $46,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Wall Street Analyst Weigh In

TTE has been the topic of several recent research reports. Scotiabank dropped their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Finally, UBS Group raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Trading Down 0.0 %

Shares of NYSE TTE traded down $0.01 during midday trading on Tuesday, reaching $64.90. 473,335 shares of the stock were exchanged, compared to its average volume of 1,439,389. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $153.26 billion, a P/E ratio of 7.34, a P/E/G ratio of 1.80 and a beta of 0.63. The stock has a 50 day moving average price of $67.68 and a 200-day moving average price of $69.18. TotalEnergies SE has a 52-week low of $62.59 and a 52-week high of $74.97.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.13). The business had revenue of $53.74 billion during the quarter, compared to analyst estimates of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. During the same quarter last year, the firm posted $1.99 earnings per share. Equities research analysts expect that TotalEnergies SE will post 8.17 earnings per share for the current fiscal year.

About TotalEnergies

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.