Harvest Portfolios Group Inc. Buys 2,583 Shares of TotalEnergies SE (NYSE:TTE)

Harvest Portfolios Group Inc. boosted its stake in TotalEnergies SE (NYSE:TTE) by 11.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,654 shares of the company’s stock after acquiring an additional 2,583 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in TotalEnergies were worth $1,593,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Larson Financial Group LLC lifted 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 valued at $28,000 after purchasing an additional 212 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in TotalEnergies in the 1st quarter valued at approximately $29,000. Boit C F David bought a new stake in TotalEnergies in the 3rd quarter valued at approximately $32,000. Maryland Capital Advisors Inc. acquired a new position in TotalEnergies during the 3rd quarter worth approximately $32,000. Finally, Eastern Bank bought a new position in shares of TotalEnergies during the 3rd quarter worth approximately $32,000. 13.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Scotiabank cut their price objective on shares of 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 raised shares of 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 report on Wednesday, October 9th. Wolfe Research started coverage on TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price on the stock. 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 assigned a buy rating and two have assigned 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 Trading Down 2.6 %

Shares of NYSE:TTE opened at $61.78 on Thursday. TotalEnergies SE has a 52-week low of $61.01 and a 52-week high of $74.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market capitalization of $145.89 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 2.01 and a beta of 0.64. The company has a 50-day simple moving average of $66.59 and a 200 day simple moving average of $68.52.

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.