Independent Advisor Alliance Increases Stake in TotalEnergies SE (NYSE:TTE)

Independent Advisor Alliance grew its position in TotalEnergies SE (NYSE:TTE) by 29.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,024 shares of the company’s stock after acquiring an additional 2,737 shares during the period. Independent Advisor Alliance’s holdings in TotalEnergies were worth $777,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TTE. Raymond James & Associates increased its position in TotalEnergies by 0.6% during the 3rd quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock worth $149,924,000 after purchasing an additional 13,022 shares during the period. Natixis Advisors LLC boosted its stake in shares of TotalEnergies by 4.9% in the third quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock valued at $146,490,000 after buying an additional 106,347 shares in the last quarter. Equity Investment Corp grew its holdings in TotalEnergies by 2.3% during the third quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after acquiring an additional 41,564 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in TotalEnergies by 5.1% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 675,170 shares of the company’s stock worth $45,020,000 after acquiring an additional 33,000 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in TotalEnergies by 3.4% in the third quarter. Pacer Advisors Inc. now owns 588,079 shares of the company’s stock valued at $38,002,000 after acquiring an additional 19,214 shares during the period. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TTE. Scotiabank lowered their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Barclays raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday. Finally, TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Stock Down 0.7 %

Shares of NYSE TTE opened at $57.16 on Thursday. TotalEnergies SE has a 12-month low of $56.69 and a 12-month high of $74.97. The company has a market capitalization of $134.97 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 1.89 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The firm’s 50-day moving average is $64.41 and its two-hundred day moving average is $67.21.

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.