Oppenheimer & Co. Inc. Sells 564 Shares of TotalEnergies SE (NYSE:TTE)

Oppenheimer & Co. Inc. trimmed its position in TotalEnergies SE (NYSE:TTE) by 10.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,632 shares of the company’s stock after selling 564 shares during the period. Oppenheimer & Co. Inc.’s holdings in TotalEnergies were worth $299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTE. Mather Group LLC. raised its position in shares of TotalEnergies by 12.4% in the third quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock valued at $85,000 after purchasing an additional 145 shares during the period. Hexagon Capital Partners LLC grew its stake in TotalEnergies by 5.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock valued at $227,000 after buying an additional 164 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in TotalEnergies by 0.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock valued at $1,793,000 after acquiring an additional 165 shares during the period. Lake Street Advisors Group LLC lifted its position in shares of TotalEnergies by 2.2% during the third quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock worth $563,000 after acquiring an additional 181 shares in the last quarter. Finally, Opal Wealth Advisors LLC boosted its holdings in shares of TotalEnergies by 17.0% in the second quarter. Opal Wealth Advisors LLC now owns 1,285 shares of the company’s stock worth $86,000 after acquiring an additional 187 shares during the period. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TTE. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Scotiabank lowered their price objective 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. Finally, The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Trading Down 0.6 %

NYSE TTE opened at $59.66 on Friday. TotalEnergies SE has a 12 month low of $58.46 and a 12 month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average price is $64.82 and its 200-day moving average price is $67.50. The stock has a market cap of $140.88 billion, a P/E ratio of 8.46, a P/E/G ratio of 1.97 and a beta of 0.64.

TotalEnergies Company 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.