5,130 Shares in TotalEnergies SE (NYSE:TTE) Acquired by Nwam LLC

Nwam LLC purchased a new stake in TotalEnergies SE (NYSE:TTE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,130 shares of the company’s stock, valued at approximately $332,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates grew its holdings 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 purchasing an additional 13,022 shares in the last quarter. Natixis Advisors LLC grew its stake in TotalEnergies by 4.9% during the third quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock worth $146,490,000 after buying an additional 106,347 shares in the last quarter. Equity Investment Corp increased its holdings in 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 buying an additional 41,564 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in shares of TotalEnergies by 5.1% in the 2nd 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 in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of TotalEnergies by 3.4% during the 3rd quarter. Pacer Advisors Inc. now owns 588,079 shares of the company’s stock worth $38,002,000 after acquiring an additional 19,214 shares during the period. 13.22% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

Shares of TTE stock opened at $59.66 on Monday. The firm has a market capitalization of $140.88 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 1.93 and a beta of 0.64. 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 business’s 50-day moving average price is $64.82 and its 200-day moving average price is $67.43. TotalEnergies SE has a 12 month low of $58.46 and a 12 month high of $74.97.

Wall Street Analyst Weigh In

Several brokerages have commented on TTE. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Scotiabank lowered their target price on 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, The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Five investment 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.