Legacy Wealth Asset Management LLC boosted its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) by 46.0% in the second quarter, HoldingsChannel.com reports. The fund owned 30,163 shares of the company’s stock after purchasing an additional 9,507 shares during the period. Legacy Wealth Asset Management LLC’s holdings in TotalEnergies were worth $2,345,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of TTE. Amundi acquired a new stake in TotalEnergies during the 1st quarter worth approximately $18,868,822,000. Vanguard Group Inc. acquired a new position in shares of TotalEnergies in the fourth quarter valued at approximately $5,337,330,000. Capital International Investors raised its stake in shares of TotalEnergies by 1,438.5% during the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after purchasing an additional 49,245,192 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new stake in shares of TotalEnergies during the fourth quarter worth $1,982,676,000. Finally, Norges Bank acquired a new stake in shares of TotalEnergies during the fourth quarter worth $1,917,626,000. 16.53% of the stock is owned by institutional investors and hedge funds.
TotalEnergies Trading Down 0.1%
Shares of TotalEnergies stock opened at $85.71 on Monday. The company has a 50-day moving average of $83.08 and a two-hundred day moving average of $83.73. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17. 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 PE ratio of 10.73, a price-to-earnings-growth ratio of 3.04 and a beta of 0.13.
Wall Street Analyst Weigh In
Several brokerages have issued reports on TTE. Piper Sandler reissued a “neutral” rating and issued a $85.00 price objective on shares of TotalEnergies in a research note on Thursday, July 23rd. Scotiabank raised their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. CICC Research began coverage on shares of TotalEnergies in a report on Tuesday, June 23rd. They issued an “outperform” rating on the stock. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Eleven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.14.
Get Our Latest Stock Analysis on TotalEnergies
TotalEnergies Company Profile
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.
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