TotalEnergies SE (NYSE:TTE) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. increased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 1.7% in the third quarter, Holdings Channel reports. The firm owned 160,851 shares of the company’s stock after buying an additional 2,745 shares during the period. QRG Capital Management Inc.’s holdings in TotalEnergies were worth $10,394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTE. Private Advisor Group LLC increased its position in shares of TotalEnergies by 3.8% during the 1st quarter. Private Advisor Group LLC now owns 31,135 shares of the company’s stock worth $2,143,000 after purchasing an additional 1,150 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of TotalEnergies by 5.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 133,775 shares of the company’s stock worth $9,208,000 after purchasing an additional 7,322 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in TotalEnergies by 4.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 150,086 shares of the company’s stock valued at $10,330,000 after acquiring an additional 6,391 shares during the period. Whittier Trust Co. boosted its holdings in TotalEnergies by 5.5% during the 1st quarter. Whittier Trust Co. now owns 15,717 shares of the company’s stock valued at $1,082,000 after acquiring an additional 818 shares during the period. Finally, Signaturefd LLC boosted its holdings in TotalEnergies by 5.1% during the 1st quarter. Signaturefd LLC now owns 32,676 shares of the company’s stock valued at $2,249,000 after acquiring an additional 1,574 shares during the period. 13.22% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Up 0.8 %

TTE opened at $62.99 on Tuesday. The business’s fifty day moving average is $66.72 and its two-hundred day moving average is $68.58. 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 $148.75 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 2.20 and a beta of 0.64. TotalEnergies SE has a one year low of $61.95 and a one year high of $74.97.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Scotiabank cut their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Wolfe Research began coverage on TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price target on the stock. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Five 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 stock presently has a consensus rating of “Moderate Buy” and an average 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.