TotalEnergies SE (NYSE:TTE) Shares Sold by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC lowered its position in shares of TotalEnergies SE (NYSE:TTE) by 6.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,935 shares of the company’s stock after selling 719 shares during the period. Angeles Investment Advisors LLC’s holdings in TotalEnergies were worth $648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC grew its stake in shares of TotalEnergies by 100.5% during 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 in the last quarter. Pathway Financial Advisers LLC acquired a new position in TotalEnergies in the first quarter valued at $29,000. Boit C F David acquired a new position in TotalEnergies in the third quarter valued at $32,000. Maryland Capital Advisors Inc. acquired a new position in TotalEnergies in the third quarter valued at $32,000. Finally, Eastern Bank acquired a new position in TotalEnergies in the third quarter valued at $32,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Trading Down 1.3 %

NYSE:TTE traded down $0.75 during trading hours on Wednesday, reaching $58.82. 212,386 shares of the company were exchanged, compared to its average volume of 1,457,254. 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 firm has a market cap of $138.90 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 1.96 and a beta of 0.64. TotalEnergies SE has a 52-week low of $58.79 and a 52-week high of $74.97. The stock has a 50 day simple moving average of $65.84 and a 200 day simple moving average of $68.10.

Analyst Ratings Changes

Several research firms have issued reports on TTE. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Wolfe Research assumed coverage on shares of TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price for the company. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.75.

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.