Lincluden Management Ltd. Grows Stock Holdings in TotalEnergies SE (NYSE:TTE)

Lincluden Management Ltd. increased its stake in shares of TotalEnergies SE (NYSE:TTE) by 1.4% during the third quarter, Holdings Channel reports. The institutional investor owned 32,934 shares of the company’s stock after acquiring an additional 466 shares during the period. Lincluden Management Ltd.’s holdings in TotalEnergies were worth $2,128,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TTE. Larson Financial Group LLC raised its position in TotalEnergies by 100.5% during the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of TotalEnergies in the first quarter valued at approximately $29,000. Boit C F David acquired a new position in shares of TotalEnergies in the third quarter valued at approximately $32,000. Maryland Capital Advisors Inc. acquired a new position in shares of TotalEnergies in the third quarter valued at approximately $32,000. Finally, Eastern Bank acquired a new position in shares of TotalEnergies in the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TTE. Wolfe Research assumed coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective for the company. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. 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. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Finally, TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Five 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 stock. According to data from MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Price Performance

Shares of TTE stock opened at $62.58 on Friday. The company has a market capitalization of $147.78 billion, a PE ratio of 7.10, a price-to-earnings-growth ratio of 2.20 and a beta of 0.63. The firm has a fifty day simple moving average of $67.02 and a 200-day simple moving average of $68.75. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. TotalEnergies SE has a twelve month low of $61.95 and a twelve month high of $74.97.

TotalEnergies 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.