Legacy Capital Wealth Partners LLC Takes Position in TotalEnergies SE (NYSE:TTE)

Legacy Capital Wealth Partners LLC bought a new stake in TotalEnergies SE (NYSE:TTE - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,449 shares of the company's stock, valued at approximately $546,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. grew its stake in shares of TotalEnergies by 12.4% in the third quarter. Mather Group LLC. now owns 1,312 shares of the company's stock worth $85,000 after purchasing an additional 145 shares during the last quarter. Hexagon Capital Partners LLC increased its stake in shares of TotalEnergies by 5.1% in the second quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company's stock valued at $227,000 after buying an additional 164 shares during the period. Lake Street Advisors Group LLC increased its stake in shares of TotalEnergies by 2.2% in the third quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company's stock valued at $563,000 after buying an additional 181 shares during the period. Opal Wealth Advisors LLC lifted its stake in shares of TotalEnergies by 17.0% in the second quarter. Opal Wealth Advisors LLC now owns 1,285 shares of the company's stock worth $86,000 after acquiring an additional 187 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in TotalEnergies by 5.6% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,662 shares of the company's stock valued at $244,000 after acquiring an additional 194 shares during the last quarter. Institutional investors own 13.22% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TTE. UBS Group upgraded shares of TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 9th. TD Cowen downgraded TotalEnergies from a "strong-buy" rating to a "hold" rating in a report on Monday, September 30th. Wolfe Research started coverage on TotalEnergies in a research note on Thursday, July 18th. They issued an "outperform" rating and a $87.00 price objective on the stock. Barclays raised TotalEnergies to a "strong-buy" rating in a research note on Wednesday, October 2nd. Finally, 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 note on Thursday, October 10th. Five research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $78.75.

TotalEnergies Stock Down 0.2 %

NYSE TTE traded down $0.15 during trading hours on Monday, hitting $61.08. The company's stock had a trading volume of 1,587,429 shares, compared to its average volume of 1,453,071. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The company's 50-day simple moving average is $66.14 and its two-hundred day simple moving average is $68.29. TotalEnergies SE has a 52 week low of $60.64 and a 52 week high of $74.97. The company has a market capitalization of $144.24 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 1.97 and a beta of 0.64.

TotalEnergies Profile

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.