Paradigm Asset Management Co. LLC Lowers Holdings in TotalEnergies SE (NYSE:TTE)

Paradigm Asset Management Co. LLC trimmed its holdings in TotalEnergies SE (NYSE:TTE) by 20.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 800 shares of the company’s stock after selling 200 shares during the period. Paradigm Asset Management Co. LLC’s holdings in TotalEnergies were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in TTE. Larson Financial Group LLC increased its holdings in shares of TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares during the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of TotalEnergies in the first quarter worth about $29,000. Boit C F David bought a new stake in shares of TotalEnergies in the third quarter worth about $32,000. Maryland Capital Advisors Inc. purchased a new stake in TotalEnergies during the third quarter valued at approximately $32,000. Finally, Eastern Bank purchased a new stake in TotalEnergies during the third quarter valued at approximately $32,000. 13.22% of the stock is owned by institutional investors.

TotalEnergies Stock Down 2.5 %

Shares of NYSE TTE opened at $59.57 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $140.67 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 1.96 and a beta of 0.64. The stock’s fifty day simple moving average is $65.84 and its two-hundred day simple moving average is $68.10. TotalEnergies SE has a 12-month low of $58.81 and a 12-month high of $74.97.

Wall Street Analyst Weigh In

TTE has been the topic of a number of recent research reports. Scotiabank decreased their price objective 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. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Finally, TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given 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.

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.