Fortitude Family Office LLC Purchases 686 Shares of TotalEnergies SE (NYSE:TTE)

Fortitude Family Office LLC lifted its stake in TotalEnergies SE (NYSE:TTE) by 118.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,264 shares of the company’s stock after purchasing an additional 686 shares during the quarter. Fortitude Family Office LLC’s holdings in TotalEnergies were worth $82,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in TTE. Sei Investments Co. boosted its position in shares of TotalEnergies by 158.2% in the 1st quarter. Sei Investments Co. now owns 928,103 shares of the company’s stock worth $63,881,000 after purchasing an additional 568,672 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of TotalEnergies by 159,211.0% in the 1st quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock worth $29,935,000 after purchasing an additional 434,646 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of TotalEnergies by 6,367.4% in the 3rd quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock worth $23,755,000 after purchasing an additional 361,923 shares in the last quarter. Equity Investment Corp boosted its position in shares of TotalEnergies by 20.6% in the 1st quarter. Equity Investment Corp now owns 1,810,041 shares of the company’s stock worth $124,585,000 after purchasing an additional 308,835 shares in the last quarter. Finally, Generate Investment Management Ltd bought a new stake in shares of TotalEnergies in the 2nd quarter worth approximately $13,306,000. 13.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TTE. Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. 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 report on Thursday, October 10th. Wolfe Research assumed coverage on shares of TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective for the company. Finally, UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $64.01 on Wednesday. The firm has a market cap of $151.14 billion, a P/E ratio of 7.26, a PEG ratio of 2.25 and a beta of 0.63. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $67.23 and a 200 day moving average of $68.83. TotalEnergies SE has a twelve month low of $62.59 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.