Legacy Wealth Asset Management LLC Grows Stake in TotalEnergies SE Sponsored ADR $TTE

Legacy Wealth Asset Management LLC lifted its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 46.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,163 shares of the company’s stock after purchasing an additional 9,507 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in TotalEnergies were worth $2,345,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Robinswood Financial LLC bought a new position in TotalEnergies during the 1st quarter valued at about $27,000. Elyxium Wealth LLC bought a new position in TotalEnergies in the 4th quarter worth $33,000. SHP Wealth Management purchased a new position in shares of TotalEnergies during the 4th quarter valued at about $37,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of TotalEnergies in the fourth quarter worth approximately $38,000. Finally, Maseco LLP increased its stake in TotalEnergies by 119.9% in the 1st quarter. Maseco LLP now owns 420 shares of the company’s stock worth $38,000 after buying an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Down 0.1%

NYSE TTE opened at $85.71 on Monday. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17. The company has a fifty day simple moving average of $83.08 and a two-hundred day simple moving average of $83.73. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The stock has a market cap of $205.51 billion, a P/E ratio of 10.73, a P/E/G ratio of 3.04 and a beta of 0.13.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The firm had revenue of $57.10 billion for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. On average, analysts forecast that TotalEnergies SE Sponsored ADR will post 10.62 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TTE. Wall Street Zen lowered shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Scotiabank upped their price objective on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Mizuho assumed coverage on TotalEnergies in a research note on Monday, July 20th. They issued an “outperform” rating and a $103.00 price objective for the company. Piper Sandler reiterated a “neutral” rating and issued a $85.00 target price on shares of TotalEnergies in a report on Thursday, July 23rd. Finally, Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Eleven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.14.

About TotalEnergies

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.