Angeles Investment Advisors LLC Trims Stock Holdings in TotalEnergies SE (NYSE:TTE)

Angeles Investment Advisors LLC lowered its stake in shares of TotalEnergies SE (NYSE:TTE) by 6.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 9,935 shares of the company’s stock after selling 719 shares during the period. Angeles Investment Advisors LLC’s holdings in TotalEnergies were worth $648,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Capital International Investors raised its stake in shares of TotalEnergies by 2.1% during the 1st quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock valued at $334,383,000 after buying an additional 100,059 shares during the last quarter. Raymond James & Associates boosted its holdings in TotalEnergies by 0.6% in 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 during the last quarter. Natixis Advisors LLC boosted its holdings in shares of TotalEnergies by 3.4% during the 2nd quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company’s stock worth $144,069,000 after purchasing an additional 71,658 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of TotalEnergies by 1.5% during the 1st quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company’s stock worth $140,366,000 after purchasing an additional 31,123 shares during the last quarter. Finally, Equity Investment Corp boosted its holdings in shares of TotalEnergies by 0.6% during the 2nd quarter. Equity Investment Corp now owns 1,820,748 shares of the company’s stock worth $121,407,000 after purchasing an additional 10,707 shares during the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Down 1.3 %

Shares of NYSE:TTE traded down $0.75 during trading on Wednesday, hitting $58.82. The company’s stock had a trading volume of 212,386 shares, compared to its average volume of 1,457,254. The business has a 50 day moving average price of $65.84 and a two-hundred day moving average price of $68.10. The company has a market capitalization of $138.90 billion, a PE ratio of 8.45, a P/E/G ratio of 1.96 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a fifty-two week low of $58.79 and a fifty-two week high of $74.97.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Scotiabank lowered their target price on 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 shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wolfe Research began coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price target on the stock. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, TD Cowen lowered 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 company. According to data from MarketBeat.com, the company has a consensus 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.