Pacer Advisors Inc. Grows Stock Position in TotalEnergies SE (NYSE:TTE)

Pacer Advisors Inc. increased its holdings in TotalEnergies SE (NYSE:TTE) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 588,079 shares of the company’s stock after buying an additional 19,214 shares during the quarter. Pacer Advisors Inc.’s holdings in TotalEnergies were worth $38,002,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TTE. Cetera Investment Advisers raised its stake in shares of TotalEnergies by 105.0% in the first quarter. Cetera Investment Advisers now owns 215,737 shares of the company’s stock worth $14,849,000 after buying an additional 110,497 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in TotalEnergies during the first quarter valued at approximately $710,000. Crossmark Global Holdings Inc. boosted its position in shares of TotalEnergies by 48.3% in the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after purchasing an additional 54,478 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of TotalEnergies in the third quarter worth $823,000. Finally, Silvercrest Asset Management Group LLC raised its position in shares of TotalEnergies by 8.9% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 107,644 shares of the company’s stock valued at $7,409,000 after purchasing an additional 8,827 shares during the period. 13.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

TotalEnergies Stock Down 0.6 %

NYSE TTE opened at $59.66 on Friday. The stock has a 50 day moving average price of $64.82 and a 200-day moving average price of $67.50. TotalEnergies SE has a one year low of $58.46 and a one year 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 $140.88 billion, a P/E ratio of 8.46, a P/E/G ratio of 1.94 and a beta of 0.64.

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.