TotalEnergies SE (NYSE:TTE) Position Cut by Wrapmanager Inc.

Wrapmanager Inc. trimmed its stake in shares of TotalEnergies SE (NYSE:TTE) by 13.7% during the third quarter, Holdings Channel reports. The institutional investor owned 5,175 shares of the company’s stock after selling 819 shares during the period. Wrapmanager Inc.’s holdings in TotalEnergies were worth $334,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in TotalEnergies by 6,367.4% in the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock worth $23,755,000 after buying an additional 361,923 shares during the last quarter. Generate Investment Management Ltd bought a new position in shares of TotalEnergies during the 2nd quarter worth about $13,306,000. Mediolanum International Funds Ltd acquired a new position in TotalEnergies in the 3rd quarter valued at approximately $11,504,000. Allspring Global Investments Holdings LLC raised its stake in shares of TotalEnergies by 316.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 228,781 shares of the company’s stock valued at $14,784,000 after buying an additional 173,810 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new position in shares of TotalEnergies during the 1st quarter worth about $9,738,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Trading Down 1.0 %

Shares of TTE opened at $60.73 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market cap 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 stock has a fifty day moving average price of $65.24 and a two-hundred day moving average price of $67.69. TotalEnergies SE has a 52-week low of $58.46 and a 52-week high of $74.97.

Analysts Set New Price Targets

TTE has been the subject of several recent research reports. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. UBS Group raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Finally, Scotiabank dropped their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.75.

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.