QRG Capital Management Inc. Purchases 2,745 Shares of TotalEnergies SE (NYSE:TTE)

QRG Capital Management Inc. boosted its position in shares of TotalEnergies SE (NYSE:TTE) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 160,851 shares of the company’s stock after purchasing an additional 2,745 shares during the quarter. QRG Capital Management Inc.’s holdings in TotalEnergies were worth $10,394,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Gabelli Funds LLC lifted its stake in TotalEnergies by 5.5% in the first quarter. Gabelli Funds LLC now owns 309,200 shares of the company’s stock worth $21,282,000 after acquiring an additional 16,200 shares during the period. Tweedy Browne Co LLC purchased a new stake in TotalEnergies in the first quarter worth about $10,852,000. National Bank of Canada FI lifted its stake in TotalEnergies by 25.7% in the first quarter. National Bank of Canada FI now owns 275,983 shares of the company’s stock worth $20,370,000 after acquiring an additional 56,403 shares during the period. Cetera Investment Advisers lifted its stake in TotalEnergies by 105.0% in the first quarter. Cetera Investment Advisers now owns 215,737 shares of the company’s stock worth $14,849,000 after acquiring an additional 110,497 shares during the period. Finally, Pitcairn Co. purchased a new stake in TotalEnergies in the first quarter worth about $592,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

TTE opened at $62.99 on Tuesday. TotalEnergies SE has a 52-week low of $61.95 and a 52-week high of $74.97. The firm’s 50-day moving average price is $66.72 and its 200-day moving average price is $68.58. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The company has a market cap of $148.75 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 2.20 and a beta of 0.64.

Analyst Ratings Changes

A number of brokerages have commented on TTE. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Wolfe Research began coverage on shares of TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price for the company. Scotiabank reduced their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Finally, The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.75.

About TotalEnergies

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.