TotalEnergies SE (NYSE:TTE) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. reduced its stake in TotalEnergies SE (NYSE:TTE) by 13.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,175 shares of the company’s stock after selling 819 shares during the quarter. Wrapmanager Inc.’s holdings in TotalEnergies were worth $334,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC lifted its position in shares of TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of TotalEnergies in the first quarter valued at approximately $29,000. Boit C F David acquired a new stake in shares of TotalEnergies in the 3rd quarter worth $32,000. Maryland Capital Advisors Inc. acquired a new position in TotalEnergies during the 3rd quarter worth approximately $32,000. Finally, Eastern Bank purchased a new stake in shares of TotalEnergies during the 3rd quarter worth $32,000. 13.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on TTE. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, 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. Five 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Stock Down 1.0 %

Shares of TotalEnergies stock opened at $60.73 on Wednesday. TotalEnergies SE has a twelve month low of $58.46 and a twelve month high of $74.97. The stock has a market capitalization of $143.41 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 1.97 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 simple moving average is $65.24 and its 200-day simple moving average is $67.69.

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.