Natixis Advisors LLC Boosts Stake in TotalEnergies SE (NYSE:TTE)

Natixis Advisors LLC raised its holdings in TotalEnergies SE (NYSE:TTE) by 4.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,266,950 shares of the company’s stock after acquiring an additional 106,347 shares during the quarter. Natixis Advisors LLC’s holdings in TotalEnergies were worth $146,490,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Blair William & Co. IL raised its stake in TotalEnergies by 3.7% in the first quarter. Blair William & Co. IL now owns 71,219 shares of the company’s stock valued at $4,902,000 after purchasing an additional 2,509 shares in the last quarter. Blue Barn Wealth LLC purchased a new stake in shares of TotalEnergies during the 1st quarter valued at $252,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of TotalEnergies by 2.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 113,603 shares of the company’s stock worth $7,819,000 after acquiring an additional 2,962 shares during the last quarter. Clearbridge Investments LLC grew its position in TotalEnergies by 1.5% in the first quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company’s stock worth $140,366,000 after acquiring an additional 31,123 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its stake in TotalEnergies by 45.9% in the first quarter. Lake Street Advisors Group LLC now owns 8,281 shares of the company’s stock valued at $577,000 after acquiring an additional 2,606 shares during the last quarter. Institutional investors own 13.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TTE shares. Barclays raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Scotiabank decreased 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. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Price Performance

Shares of TotalEnergies stock opened at $60.85 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a one year low of $58.46 and a one year high of $74.97. The business’s 50 day simple moving average is $65.47 and its two-hundred day simple moving average is $67.89. The stock has a market capitalization of $143.69 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 1.92 and a beta of 0.64.

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.