Financial Counselors Inc. Reduces Stake in TotalEnergies SE (NYSE:TTE)

Financial Counselors Inc. reduced its stake in shares of TotalEnergies SE (NYSE:TTE) by 14.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,751 shares of the company’s stock after selling 1,309 shares during the quarter. Financial Counselors Inc.’s holdings in TotalEnergies were worth $501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in shares of TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares during the last quarter. Boit C F David purchased a new position in TotalEnergies during the third quarter worth $32,000. Maryland Capital Advisors Inc. bought a new position in TotalEnergies during the third quarter valued at $32,000. Eastern Bank purchased a new stake in shares of TotalEnergies in the third quarter valued at $32,000. Finally, Fortitude Family Office LLC bought a new position in TotalEnergies during the 2nd quarter valued at about $39,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Scotiabank decreased their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Finally, TD Cowen cut shares of 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, TotalEnergies has an average rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Trading Up 1.5 %

Shares of NYSE TTE opened at $57.99 on Friday. TotalEnergies SE has a twelve month low of $56.69 and a twelve month high of $74.97. The firm has a market cap of $136.94 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 1.85 and a beta of 0.64. The business has a fifty day simple moving average of $63.73 and a two-hundred day simple moving average of $66.96. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

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.