Strengthening Families & Communities LLC Boosts Holdings in TotalEnergies SE (NYSE:TTE)

Strengthening Families & Communities LLC grew its stake in shares of TotalEnergies SE (NYSE:TTE) by 7.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 28,857 shares of the company’s stock after acquiring an additional 1,960 shares during the period. Strengthening Families & Communities LLC’s holdings in TotalEnergies were worth $1,865,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Equity Investment Corp boosted its position in shares of TotalEnergies by 2.3% during the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after purchasing an additional 41,564 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of TotalEnergies in the 3rd quarter worth about $212,000. Atlanta Consulting Group Advisors LLC acquired a new position in TotalEnergies in the 3rd quarter valued at about $880,000. Natixis Advisors LLC raised its stake in TotalEnergies by 4.9% in the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock valued at $146,490,000 after purchasing an additional 106,347 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of TotalEnergies by 2.8% during the 3rd quarter. Empowered Funds LLC now owns 40,321 shares of the company’s stock valued at $2,606,000 after acquiring an additional 1,107 shares during the last quarter. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTE has been the subject of a number of research analyst reports. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Scotiabank decreased their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Price Performance

Shares of TTE opened at $60.85 on Monday. The firm has a market capitalization of $143.69 billion, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 1.96 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a one year low of $58.46 and a one year high of $74.97. The stock’s fifty day moving average is $65.47 and its 200-day moving average is $67.83.

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.