D.A. Davidson & CO. Cuts Stock Holdings in TotalEnergies SE (NYSE:TTE)

D.A. Davidson & CO. cut its stake in shares of TotalEnergies SE (NYSE:TTE) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,586 shares of the company’s stock after selling 411 shares during the quarter. D.A. Davidson & CO.’s holdings in TotalEnergies were worth $5,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Larson Financial Group LLC increased its stake in 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 acquiring an additional 212 shares during the last quarter. Pathway Financial Advisers LLC purchased a new position in shares of TotalEnergies in the 1st quarter worth about $29,000. Boit C F David purchased a new position in shares of TotalEnergies during the 3rd quarter valued at about $32,000. Maryland Capital Advisors Inc. bought a new stake in TotalEnergies in the 3rd quarter worth approximately $32,000. Finally, Eastern Bank purchased a new stake in TotalEnergies in the third quarter worth approximately $32,000. Institutional investors own 13.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TTE shares. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note 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 on the stock in a research report on Thursday, October 10th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday. Finally, Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Price Performance

TTE stock opened at $57.16 on Thursday. The firm has a 50-day moving average of $64.41 and a 200 day moving average of $67.21. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The company has a market cap of $134.97 billion, a P/E ratio of 8.11, a PEG ratio of 1.89 and a beta of 0.64. TotalEnergies SE has a 1 year low of $56.69 and a 1 year 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.