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

Independent Advisor Alliance lifted its position in shares of TotalEnergies SE (NYSE:TTE) by 29.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,024 shares of the company’s stock after buying an additional 2,737 shares during the quarter. Independent Advisor Alliance’s holdings in TotalEnergies were worth $777,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TTE. International Assets Investment Management LLC lifted its stake in shares of TotalEnergies by 6,367.4% during the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock valued at $23,755,000 after buying an additional 361,923 shares during the period. Generate Investment Management Ltd purchased a new position in shares of TotalEnergies during the second quarter valued at approximately $13,306,000. Mediolanum International Funds Ltd purchased a new position in shares of TotalEnergies during the third quarter valued at approximately $11,504,000. Allspring Global Investments Holdings LLC lifted its stake in shares of TotalEnergies by 316.2% during the third 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 during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of TotalEnergies during the second quarter valued at approximately $9,176,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on TTE. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday. TD Cowen lowered shares of 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 research report on Thursday, October 3rd. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Scotiabank dropped their price target 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. Six analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, TotalEnergies presently has a consensus rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Price Performance

TotalEnergies stock opened at $57.16 on Thursday. TotalEnergies SE has a 52-week low of $56.69 and a 52-week high of $74.97. The firm has a fifty day moving average of $64.41 and a 200-day moving average of $67.21. The firm has a market capitalization of $134.97 billion, a P/E ratio of 8.11, a PEG ratio of 1.89 and a beta of 0.64. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

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.