TotalEnergies SE (NYSE:TTE) Stock Position Lowered by Zions Bancorporation N.A.

Zions Bancorporation N.A. lessened its position in TotalEnergies SE (NYSE:TTE) by 2.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 108,540 shares of the company’s stock after selling 2,501 shares during the period. Zions Bancorporation N.A.’s holdings in TotalEnergies were worth $7,014,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Mather Group LLC. raised its position in shares of TotalEnergies by 12.4% during the third quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock worth $85,000 after purchasing an additional 145 shares during the period. Hexagon Capital Partners LLC raised its position in shares of TotalEnergies by 5.1% during the second quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock worth $227,000 after purchasing an additional 164 shares during the period. Venturi Wealth Management LLC raised its position in shares of TotalEnergies by 0.6% during the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock worth $1,793,000 after purchasing an additional 165 shares during the period. Lake Street Advisors Group LLC raised its position in shares of TotalEnergies by 2.2% during the third quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock worth $563,000 after purchasing an additional 181 shares during the period. Finally, Opal Wealth Advisors LLC raised its position in shares of TotalEnergies by 17.0% during the second quarter. Opal Wealth Advisors LLC now owns 1,285 shares of the company’s stock worth $86,000 after purchasing an additional 187 shares during the period. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $59.87 on Thursday. The business’s 50-day moving average price is $65.70 and its two-hundred day moving average price is $68.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a one year low of $58.46 and a one year high of $74.97. The company has a market capitalization of $141.38 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 1.91 and a beta of 0.64.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wolfe Research assumed coverage on TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price target on the stock. Scotiabank lowered their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a 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 report on Wednesday, October 2nd. Finally, The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Five 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. According to data from MarketBeat.com, TotalEnergies has an average rating of “Moderate Buy” and a consensus target price 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.