Banco Santander S.A. Acquires 3,445 Shares of TotalEnergies SE (NYSE:TTE)

Banco Santander S.A. increased its holdings in TotalEnergies SE (NYSE:TTE) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,868 shares of the company’s stock after purchasing an additional 3,445 shares during the quarter. Banco Santander S.A.’s holdings in TotalEnergies were worth $3,481,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Larson Financial Group LLC increased 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 valued at $28,000 after buying an additional 212 shares during the period. Pathway Financial Advisers LLC bought a new stake in TotalEnergies in the first quarter valued at approximately $29,000. Boit C F David acquired a new stake in TotalEnergies during the 3rd quarter valued at approximately $32,000. Maryland Capital Advisors Inc. acquired a new position in shares of TotalEnergies in the 3rd quarter worth approximately $32,000. Finally, Eastern Bank acquired a new position in shares of TotalEnergies in the 3rd quarter worth approximately $32,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Price Performance

TTE opened at $59.99 on Friday. TotalEnergies SE has a 1 year low of $58.46 and a 1 year high of $74.97. 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 company has a market capitalization of $141.65 billion, a price-to-earnings ratio of 8.51, a P/E/G ratio of 1.97 and a beta of 0.64. The firm’s fifty day moving average price is $64.98 and its two-hundred day moving average price is $67.58.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TTE shares. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Barclays upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Scotiabank lowered their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a 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 company. Based on data from MarketBeat.com, the company presently has an average 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.