Wealth Enhancement Advisory Services LLC Has $3.40 Million Holdings in TotalEnergies SE (NYSE:TTE)

Wealth Enhancement Advisory Services LLC grew its stake in TotalEnergies SE (NYSE:TTE) by 67.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,578 shares of the company’s stock after buying an additional 21,172 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in TotalEnergies were worth $3,398,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TTE. PFG Investments LLC boosted its holdings in TotalEnergies by 173.6% during the third quarter. PFG Investments LLC now owns 10,231 shares of the company’s stock worth $661,000 after purchasing an additional 6,491 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in TotalEnergies by 2.9% during the third quarter. Arkadios Wealth Advisors now owns 8,452 shares of the company’s stock worth $546,000 after purchasing an additional 242 shares during the last quarter. Allworth Financial LP boosted its holdings in TotalEnergies by 34.6% during the third quarter. Allworth Financial LP now owns 4,151 shares of the company’s stock worth $268,000 after purchasing an additional 1,066 shares during the last quarter. Heritage Oak Wealth Advisors LLC acquired a new position in TotalEnergies during the third quarter worth $308,000. Finally, Mediolanum International Funds Ltd acquired a new position in TotalEnergies during the third quarter worth $11,504,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TTE. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Scotiabank cut their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Finally, UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Price Performance

Shares of TTE opened at $62.45 on Friday. The firm has a market capitalization of $147.47 billion, a PE ratio of 7.08, a PEG ratio of 2.20 and a beta of 0.63. The company’s 50-day moving average is $66.87 and its 200-day moving average is $68.68. TotalEnergies SE has a fifty-two week low of $61.95 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87.

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.