Harvest Portfolios Group Inc. Buys 2,583 Shares of TotalEnergies SE (NYSE:TTE)

Harvest Portfolios Group Inc. grew its stake in TotalEnergies SE (NYSE:TTE) by 11.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,654 shares of the company’s stock after purchasing an additional 2,583 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in TotalEnergies were worth $1,593,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Gabelli Funds LLC lifted its position in TotalEnergies by 5.5% during the first quarter. Gabelli Funds LLC now owns 309,200 shares of the company’s stock worth $21,282,000 after acquiring an additional 16,200 shares during the last quarter. Tweedy Browne Co LLC acquired a new stake in TotalEnergies during the 1st quarter worth approximately $10,852,000. National Bank of Canada FI boosted its stake in TotalEnergies by 25.7% in the 1st quarter. National Bank of Canada FI now owns 275,983 shares of the company’s stock valued at $20,370,000 after purchasing an additional 56,403 shares during the period. Cetera Investment Advisers grew its holdings in TotalEnergies by 105.0% in the 1st quarter. Cetera Investment Advisers now owns 215,737 shares of the company’s stock valued at $14,849,000 after buying an additional 110,497 shares in the last quarter. Finally, Pitcairn Co. bought a new position in TotalEnergies during the 1st quarter worth $592,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

Analysts Set New Price Targets

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

TotalEnergies Stock Down 2.6 %

NYSE TTE opened at $61.78 on Thursday. TotalEnergies SE has a fifty-two week low of $61.01 and a fifty-two week high of $74.97. The business has a fifty day moving average price of $66.59 and a two-hundred day moving average price of $68.52. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market capitalization of $145.89 billion, a PE ratio of 8.76, a PEG ratio of 2.01 and a beta of 0.64.

About TotalEnergies

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.