Fmr LLC Buys 324,033 Shares of TotalEnergies SE (NYSE:TTE)

Fmr LLC increased its stake in shares of TotalEnergies SE (NYSE:TTE) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,445,228 shares of the company’s stock after purchasing an additional 324,033 shares during the quarter. Fmr LLC owned 0.53% of TotalEnergies worth $804,211,000 at the end of the most recent quarter.

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

TotalEnergies Stock Performance

Shares of TTE opened at $57.16 on Thursday. 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 firm has a market cap of $134.97 billion, a PE ratio of 8.11, a P/E/G ratio of 1.89 and a beta of 0.64. TotalEnergies SE has a 12 month low of $56.69 and a 12 month high of $74.97. The stock has a fifty day moving average price of $64.41 and a 200-day moving average price of $67.21.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TTE shares. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Scotiabank dropped their target price 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. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies 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.