Pacer Advisors Inc. Raises Stock Position in TotalEnergies SE (NYSE:TTE)

Pacer Advisors Inc. lifted its position in TotalEnergies SE (NYSE:TTE) by 3.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 588,079 shares of the company’s stock after purchasing an additional 19,214 shares during the period. Pacer Advisors Inc.’s holdings in TotalEnergies were worth $38,002,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James & Associates grew its position in shares of TotalEnergies by 0.6% during the 3rd quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock worth $149,924,000 after buying an additional 13,022 shares in the last quarter. Natixis Advisors LLC increased its position in TotalEnergies by 4.9% during the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock valued at $146,490,000 after purchasing an additional 106,347 shares during the period. Equity Investment Corp raised its holdings in shares of TotalEnergies by 2.3% in the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after purchasing an additional 41,564 shares in the last quarter. Energy Income Partners LLC boosted its stake in shares of TotalEnergies by 8.8% during the first quarter. Energy Income Partners LLC now owns 1,014,779 shares of the company’s stock valued at $69,847,000 after purchasing an additional 82,175 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in TotalEnergies by 5.1% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 675,170 shares of the company’s stock valued at $45,020,000 after buying an additional 33,000 shares during the period. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Price Performance

Shares of TTE stock opened at $59.66 on Friday. TotalEnergies SE has a fifty-two week low of $58.46 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market capitalization of $140.88 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 1.94 and a beta of 0.64. The stock’s 50-day simple moving average is $64.82 and its 200-day simple moving average is $67.50.

Analyst Upgrades and Downgrades

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

TotalEnergies Company 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.