Equity Investment Corp Has $120.34 Million Position in TotalEnergies SE (NYSE:TTE)

Equity Investment Corp boosted its holdings in shares of TotalEnergies SE (NYSE:TTE) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,862,312 shares of the company’s stock after buying an additional 41,564 shares during the period. TotalEnergies makes up about 2.8% of Equity Investment Corp’s portfolio, making the stock its 13th largest position. Equity Investment Corp owned approximately 0.08% of TotalEnergies worth $120,343,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Mather Group LLC. grew its position in TotalEnergies by 12.4% during the third quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock valued at $85,000 after buying an additional 145 shares during the period. Hexagon Capital Partners LLC grew its position in TotalEnergies by 5.1% during the second quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock valued at $227,000 after buying an additional 164 shares during the period. Venturi Wealth Management LLC grew its position in TotalEnergies by 0.6% during the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock valued at $1,793,000 after buying an additional 165 shares during the period. Lake Street Advisors Group LLC grew its position in TotalEnergies by 2.2% during the third quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock valued at $563,000 after buying an additional 181 shares during the period. Finally, Opal Wealth Advisors LLC grew its position in TotalEnergies by 17.0% during the second quarter. Opal Wealth Advisors LLC now owns 1,285 shares of the company’s stock valued at $86,000 after buying an additional 187 shares during the period. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Price Performance

TTE stock opened at $60.85 on Monday. The firm has a 50 day moving average of $65.47 and a 200-day moving average of $67.83. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. TotalEnergies SE has a 12 month low of $58.46 and a 12 month high of $74.97. The firm has a market capitalization of $143.69 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 1.96 and a beta of 0.64.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Scotiabank cut their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Finally, Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Five research 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. Based on data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and an average price target 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.