Fisher Asset Management LLC Increases Holdings in TotalEnergies SE (NYSE:TTE)

Fisher Asset Management LLC boosted its position in TotalEnergies SE (NYSE:TTE) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,727,852 shares of the company’s stock after buying an additional 54,329 shares during the quarter. Fisher Asset Management LLC owned approximately 0.96% of TotalEnergies worth $1,468,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James & Associates boosted its stake in shares of TotalEnergies by 0.6% in the 3rd quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock valued at $149,924,000 after purchasing an additional 13,022 shares in the last quarter. Natixis Advisors LLC lifted its stake in TotalEnergies by 4.9% in the third quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock worth $146,490,000 after purchasing an additional 106,347 shares during the last quarter. Equity Investment Corp lifted its stake in TotalEnergies by 2.3% in the third quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after purchasing an additional 41,564 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position 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. Finally, Pacer Advisors Inc. grew its stake in shares of TotalEnergies by 3.4% during the third quarter. Pacer Advisors Inc. now owns 588,079 shares of the company’s stock valued at $38,002,000 after buying an additional 19,214 shares during the last quarter. 13.22% of the stock is currently owned by institutional investors.

TotalEnergies Price Performance

TTE opened at $59.66 on Monday. 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 stock has a market capitalization of $140.88 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 1.93 and a beta of 0.64. The stock’s 50 day moving average price is $64.82 and its 200-day moving average price is $67.43. TotalEnergies SE has a 52-week low of $58.46 and a 52-week high of $74.97.

Wall Street Analysts Forecast Growth

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

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.