Pitcairn Co. Sells 1,209 Shares of TotalEnergies SE (NYSE:TTE)

Pitcairn Co. cut its stake in shares of TotalEnergies SE (NYSE:TTE) by 12.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,294 shares of the company’s stock after selling 1,209 shares during the period. Pitcairn Co.’s holdings in TotalEnergies were worth $536,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after buying an additional 212 shares during the period. Pathway Financial Advisers LLC bought a new position in TotalEnergies during the first quarter worth about $29,000. Boit C F David acquired a new stake in TotalEnergies in the 3rd quarter worth about $32,000. Maryland Capital Advisors Inc. bought a new stake in TotalEnergies in the 3rd quarter valued at about $32,000. Finally, Eastern Bank acquired a new position in shares of TotalEnergies during the 3rd quarter worth approximately $32,000. 13.22% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Trading Down 2.3 %

NYSE TTE opened at $58.26 on Tuesday. The stock has a market capitalization of $137.58 billion, a P/E ratio of 8.26, a P/E/G ratio of 1.93 and a beta of 0.64. TotalEnergies SE has a one year low of $58.24 and a one year high of $74.97. The business has a 50 day simple moving average of $64.62 and a 200 day simple moving average of $67.32. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88.

Wall Street Analyst Weigh In

TTE has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Scotiabank cut their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Finally, Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating, one has issued 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 price target 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.