Avior Wealth Management LLC Grows Holdings in TotalEnergies SE (NYSE:TTE)

Avior Wealth Management LLC grew its stake in shares of TotalEnergies SE (NYSE:TTE) by 62.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,063 shares of the company’s stock after buying an additional 1,183 shares during the quarter. Avior Wealth Management LLC’s holdings in TotalEnergies were worth $198,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Raymond James & Associates raised its position in TotalEnergies by 0.6% during the third quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock valued at $149,924,000 after purchasing an additional 13,022 shares in the last quarter. Natixis Advisors LLC increased its position in shares of TotalEnergies by 4.9% during the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock valued at $146,490,000 after purchasing an additional 106,347 shares during the last quarter. Equity Investment Corp raised its holdings in shares of TotalEnergies by 2.3% during the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after buying an additional 41,564 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in TotalEnergies by 5.1% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 675,170 shares of the company’s stock worth $45,020,000 after buying an additional 33,000 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in TotalEnergies by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 587,457 shares of the company’s stock worth $39,172,000 after buying an additional 23,243 shares in the last quarter. 13.22% of the stock is owned by institutional investors.

TotalEnergies Stock Performance

Shares of NYSE:TTE opened at $59.66 on Friday. 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 company has a market cap of $140.88 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 1.94 and a beta of 0.64. TotalEnergies SE has a 12 month low of $58.46 and a 12 month high of $74.97. The company has a 50-day moving average price of $64.82 and a 200-day moving average price of $67.47.

Wall Street Analysts Forecast Growth

TTE has been the topic of several research reports. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Barclays raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. TD Cowen lowered 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 on the stock in a research report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, TotalEnergies has an average rating of “Moderate Buy” and an average target price 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.