TotalEnergies SE (NYSE:TTE – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 2,819,469 shares changed hands during mid-day trading, an increase of 96% from the previous session’s volume of 1,440,654 shares.The stock last traded at $64.40 and had previously closed at $64.03.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Wolfe Research assumed coverage on TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price for the company. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Barclays upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $78.75.
View Our Latest Research Report on TotalEnergies
TotalEnergies Stock Up 0.1 %
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital International Investors lifted its holdings in TotalEnergies by 2.1% in the first quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock worth $334,383,000 after buying an additional 100,059 shares during the period. Raymond James & Associates boosted its position in shares of TotalEnergies by 0.6% during the third quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock valued at $149,924,000 after purchasing an additional 13,022 shares in the last quarter. Natixis Advisors LLC grew its stake in TotalEnergies by 3.4% in the second quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company’s stock worth $144,069,000 after purchasing an additional 71,658 shares during the period. Clearbridge Investments LLC raised its holdings 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 purchasing an additional 31,123 shares in the last quarter. Finally, Equity Investment Corp lifted its position in TotalEnergies by 0.6% during the second quarter. Equity Investment Corp now owns 1,820,748 shares of the company’s stock valued at $121,407,000 after buying an additional 10,707 shares during the period. Institutional investors own 13.22% of the company’s stock.
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.
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