Farmers & Merchants Investments Inc. Decreases Stock Holdings in TotalEnergies SE (NYSE:TTE)

Farmers & Merchants Investments Inc. lessened its holdings in TotalEnergies SE (NYSE:TTE) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,868 shares of the company’s stock after selling 262 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in TotalEnergies were worth $573,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. North Star Investment Management Corp. increased its holdings in shares of TotalEnergies by 310.0% in the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock valued at $28,000 after acquiring an additional 310 shares during the last quarter. 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 purchasing an additional 212 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in TotalEnergies during the first quarter worth approximately $29,000. Boit C F David purchased a new stake in shares of TotalEnergies during the 3rd quarter worth approximately $32,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of TotalEnergies during the 3rd quarter worth approximately $32,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Scotiabank cut their price target on 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 TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Wolfe Research started coverage on shares of TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price on the stock. Finally, UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Five equities research 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 an average rating of “Moderate Buy” and a consensus price target of $78.75.

TotalEnergies Stock Down 1.1 %

TTE opened at $64.01 on Wednesday. The firm has a market cap of $151.14 billion, a P/E ratio of 7.26, a PEG ratio of 2.25 and a beta of 0.63. The business’s fifty day simple moving average is $67.23 and its 200 day simple moving average is $68.83. TotalEnergies SE has a 52 week low of $62.59 and a 52 week high of $74.97. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35.

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.