Hancock Whitney Corp Decreases Stock Position in TotalEnergies SE (NYSE:TTE)

Hancock Whitney Corp lowered its holdings in shares of TotalEnergies SE (NYSE:TTE) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,325 shares of the company’s stock after selling 365 shares during the period. Hancock Whitney Corp’s holdings in TotalEnergies were worth $926,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TTE. Toronto Dominion Bank raised its holdings in shares of TotalEnergies by 17.5% in the first quarter. Toronto Dominion Bank now owns 3,444 shares of the company’s stock worth $237,000 after acquiring an additional 514 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in TotalEnergies in the 1st quarter valued at about $710,000. Tidal Investments LLC lifted its holdings in TotalEnergies by 1.2% in the 1st quarter. Tidal Investments LLC now owns 63,095 shares of the company’s stock valued at $4,343,000 after purchasing an additional 756 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of TotalEnergies during the 1st quarter worth about $38,000. Finally, Cetera Investment Advisers grew its holdings in shares of TotalEnergies by 105.0% during the first quarter. Cetera Investment Advisers now owns 215,737 shares of the company’s stock worth $14,849,000 after buying an additional 110,497 shares in the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Down 1.3 %

Shares of NYSE:TTE opened at $57.53 on Wednesday. The company has a market capitalization of $135.85 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 1.89 and a beta of 0.64. The company has a 50 day moving average of $64.62 and a two-hundred day moving average of $67.32. TotalEnergies SE has a 52-week low of $57.20 and a 52-week high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Scotiabank reduced 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. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.