TotalEnergies SE (NYSE:TTE) Shares Purchased by Cadence Bank

Cadence Bank boosted its position in shares of TotalEnergies SE (NYSE:TTE) by 2.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 107,376 shares of the company’s stock after acquiring an additional 2,589 shares during the quarter. Cadence Bank’s holdings in TotalEnergies were worth $6,939,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its stake in shares of TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in TotalEnergies in the 1st quarter worth approximately $29,000. Boit C F David purchased a new position in TotalEnergies during the 3rd quarter worth approximately $32,000. Maryland Capital Advisors Inc. acquired a new stake in TotalEnergies during the 3rd quarter valued at approximately $32,000. Finally, Eastern Bank acquired a new stake in TotalEnergies during the 3rd quarter valued at approximately $32,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Trading Down 1.3 %

Shares of TTE stock opened at $57.53 on Wednesday. TotalEnergies SE has a 1-year low of $57.20 and a 1-year high of $74.97. The company has a market cap of $135.85 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 1.89 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. The stock has a 50 day simple moving average of $64.62 and a 200-day simple moving average of $67.32.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Barclays raised TotalEnergies to a “strong-buy” rating in a report 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. Finally, Scotiabank reduced their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Five 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. Based on data from MarketBeat.com, the stock 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.