TotalEnergies SE (NYSE:TTE) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its stake in TotalEnergies SE (NYSE:TTE) by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,135 shares of the company’s stock after purchasing an additional 3,180 shares during the period. Advisors Asset Management Inc.’s holdings in TotalEnergies were worth $4,274,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Raymond James & Associates boosted its position in shares of TotalEnergies by 0.6% during the third quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock worth $149,924,000 after buying an additional 13,022 shares during the period. Natixis Advisors LLC boosted its position in TotalEnergies by 4.9% during the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock worth $146,490,000 after acquiring an additional 106,347 shares during the period. Equity Investment Corp grew its stake in shares of TotalEnergies by 2.3% in the third quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after purchasing an additional 41,564 shares in the last quarter. Energy Income Partners LLC grew its stake in shares of TotalEnergies by 8.8% in the first quarter. Energy Income Partners LLC now owns 1,014,779 shares of the company’s stock worth $69,847,000 after purchasing an additional 82,175 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of TotalEnergies by 5.1% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 675,170 shares of the company’s stock valued at $45,020,000 after purchasing an additional 33,000 shares during the period. Institutional investors own 13.22% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on TTE shares. Scotiabank reduced their target price 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. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Barclays upgraded 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. Finally, TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Stock Down 0.6 %

TTE opened at $59.66 on Friday. The business has a 50-day moving average of $64.82 and a 200-day moving average of $67.50. TotalEnergies SE has a fifty-two week low of $58.46 and a fifty-two week high of $74.97. The company has a market capitalization of $140.88 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 1.97 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88.

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.