Trustmark National Bank Trust Department Buys 896 Shares of TotalEnergies SE (NYSE:TTE)

Trustmark National Bank Trust Department lifted its position in shares of TotalEnergies SE (NYSE:TTE) by 9.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,798 shares of the company’s stock after buying an additional 896 shares during the quarter. Trustmark National Bank Trust Department’s holdings in TotalEnergies were worth $698,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC raised its stake in TotalEnergies by 100.5% during the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in TotalEnergies during the first quarter worth $29,000. Boit C F David purchased a new stake in shares of TotalEnergies in the third quarter valued at $32,000. Maryland Capital Advisors Inc. bought a new stake in shares of TotalEnergies in the 3rd quarter worth about $32,000. Finally, Eastern Bank purchased a new position in shares of TotalEnergies during the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Analysts Set New Price Targets

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

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $59.99 on Friday. The business has a 50-day simple moving average of $64.98 and a 200-day simple moving average of $67.58. The company has a market cap of $141.65 billion, a PE ratio of 8.51, a P/E/G ratio of 1.97 and a beta of 0.64. TotalEnergies SE has a one year low of $58.46 and a one year 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.

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.