Leo Wealth LLC Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Leo Wealth LLC acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 14,039 shares of the company’s stock, valued at approximately $1,200,000.

A number of other hedge funds have also modified their holdings of the stock. Amundi acquired a new stake in shares of TotalEnergies during the first quarter worth $18,868,822,000. DekaBank Deutsche Girozentrale acquired a new position in shares of TotalEnergies in the 1st quarter valued at $1,103,799,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of TotalEnergies in the 1st quarter valued at $378,821,000. Janus Henderson Group PLC increased its stake in TotalEnergies by 25.2% in the 1st quarter. Janus Henderson Group PLC now owns 11,349,122 shares of the company’s stock worth $1,055,775,000 after purchasing an additional 2,287,500 shares in the last quarter. Finally, DJE Kapital AG raised its holdings in TotalEnergies by 91.1% during the 1st quarter. DJE Kapital AG now owns 3,052,518 shares of the company’s stock worth $282,461,000 after buying an additional 1,455,230 shares during the period. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Morgan Stanley set a $90.00 price objective on shares of TotalEnergies and gave the company an “equal weight” rating in a research note on Thursday, September 3rd. Wall Street Zen upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Monday, August 31st. Weiss Ratings reissued a “buy (b)” rating on shares of TotalEnergies in a research report on Thursday. Zacks Research raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Finally, HSBC upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.71.

TotalEnergies Price Performance

TTE opened at $93.67 on Tuesday. The firm has a market capitalization of $224.60 billion, a P/E ratio of 10.75 and a beta of 0.18. The stock has a fifty day moving average of $89.14 and a 200-day moving average of $84.31. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. TotalEnergies SE Sponsored ADR has a 12-month low of $60.58 and a 12-month high of $94.17.

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.