Fisher Asset Management LLC Boosts Stake in TotalEnergies SE (NYSE:TTE)

Fisher Asset Management LLC increased its position in TotalEnergies SE (NYSE:TTE) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,727,852 shares of the company’s stock after purchasing an additional 54,329 shares during the quarter. Fisher Asset Management LLC’s holdings in TotalEnergies were worth $1,468,674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TTE. Larson Financial Group LLC raised its holdings in TotalEnergies by 100.5% in 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 bought a new position in shares of TotalEnergies in the 1st quarter worth about $29,000. Boit C F David purchased a new position in TotalEnergies during the 3rd quarter valued at about $32,000. Maryland Capital Advisors Inc. purchased a new position in TotalEnergies during the 3rd quarter valued at about $32,000. Finally, Eastern Bank bought a new stake in TotalEnergies during the third quarter worth about $32,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Performance

TTE opened at $59.66 on Monday. The company’s 50 day moving average is $64.82 and its 200 day moving average is $67.43. 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 PEG ratio of 1.93 and a beta of 0.64. TotalEnergies SE has a 12-month low of $58.46 and a 12-month high of $74.97.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Scotiabank reduced their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Finally, UBS Group raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.