Benjamin Edwards Inc. purchased a new position in TotalEnergies SE (NYSE:TTE – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,092 shares of the company’s stock, valued at approximately $340,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTE. Sei Investments Co. grew its stake in TotalEnergies by 158.2% in the first quarter. Sei Investments Co. now owns 928,103 shares of the company’s stock worth $63,881,000 after purchasing an additional 568,672 shares during the period. BNP Paribas Financial Markets grew its stake in TotalEnergies by 159,211.0% in the first quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock worth $29,935,000 after purchasing an additional 434,646 shares during the period. Fisher Asset Management LLC grew its stake in TotalEnergies by 1.8% in the fourth quarter. Fisher Asset Management LLC now owns 21,144,503 shares of the company’s stock worth $1,424,717,000 after purchasing an additional 379,198 shares during the period. Global Assets Advisory LLC purchased a new stake in TotalEnergies in the first quarter worth $22,081,000. Finally, Equity Investment Corp grew its stake in TotalEnergies by 20.6% in the first quarter. Equity Investment Corp now owns 1,810,041 shares of the company’s stock worth $124,585,000 after purchasing an additional 308,835 shares during the period. 13.22% of the stock is owned by hedge funds and other institutional investors.
TotalEnergies Trading Down 0.1 %
NYSE TTE opened at $69.09 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. TotalEnergies SE has a 12 month low of $62.28 and a 12 month high of $74.97. The stock has a market cap of $163.15 billion, a P/E ratio of 7.80, a P/E/G ratio of 1.78 and a beta of 0.64. The stock’s fifty day moving average price is $67.90 and its 200-day moving average price is $69.35.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on TTE shares. Wolfe Research started coverage on TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price on the stock. Scotiabank cut their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th.
View Our Latest Stock Report on TTE
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.
Further Reading
- Five stocks we like better than TotalEnergies
- Stock Market Upgrades: What Are They?
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- How Investors Can Find the Best Cheap Dividend Stocks
- MarketBeat Week in Review – 9/16 – 9/20
- What is a buyback in stocks? A comprehensive guide for investors
- Don’t Miss These 3 Retail Stocks for Fall Gains
Receive News & Ratings for TotalEnergies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TotalEnergies and related companies with MarketBeat.com's FREE daily email newsletter.