Pinnacle Wealth Planning Services Inc. recently introduced a new energy investment by purchasing shares of TotalEnergies SE. According to the firm’s SEC filing, Pinnacle acquired 3,488 shares worth approximately $226,000 in the first quarter.
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Pinnacle Wealth Planning Services Inc. Purchases New Holdings in TotalEnergies SE Sponsored ADR $TTE
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Key Takeaways:
- Pinnacle Wealth Planning Services Inc. established a new stake in TotalEnergies SE.
- The firm bought 3,488 shares of the company.
- The total value of the purchase is approximately $226,000.
- This data comes from a 13F SEC filing.
- The investment occurred in the first quarter.
Introduction
Pinnacle Wealth Planning Services Inc. has made a strategic move into the global energy sector. The firm revealed in its latest Securities & Exchange Commission (SEC) 13F filing that it bought a new position in TotalEnergies SE Sponsored ADR (NYSE: TTE) during the first quarter.
The Purchase Details
The filing shows that Pinnacle Wealth Planning Services Inc. acquired 3,488 shares of TotalEnergies, valued at nearly $226,000. This purchase highlights Pinnacle’s growing interest in energy-related assets.
SEC Filing and Implications
Toward the end of each quarter, investment management firms are required to disclose certain holdings to the SEC through 13F filings. These filings often signal a company’s latest priorities and provide a glimpse into broader market trends. Pinnacle’s decision to invest in TotalEnergies underscores the potential the firm sees in the multinational energy sector.
Overview of the Transaction
| Shares Purchased | Approximate Value |
|---|---|
| 3,488 | $226,000 |
The table above summarizes the key investment figures disclosed in Pinnacle’s SEC filing.
Conclusion
Pinnacle Wealth Planning Services Inc.’s new holding in TotalEnergies SE demonstrates the continued allure of global energy companies for institutional investors. While the full impact of this move may unfold over time, it marks a noteworthy step in Pinnacle’s evolving portfolio and signals ongoing interest in major energy firms.
