First Horizon Advisors Inc. Purchases 194 Shares of TotalEnergies SE (NYSE:TTE)

First Horizon Advisors Inc. lifted its position in shares of TotalEnergies SE (NYSE:TTE) by 10.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,033 shares of the company’s stock after purchasing an additional 194 shares during the quarter. First Horizon Advisors Inc.’s holdings in TotalEnergies were worth $131,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TTE. Advisors Asset Management Inc. lifted its holdings in TotalEnergies by 5.1% during the third quarter. Advisors Asset Management Inc. now owns 66,135 shares of the company’s stock worth $4,274,000 after acquiring an additional 3,180 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of TotalEnergies by 4.5% during the 3rd quarter. Jennison Associates LLC now owns 456,738 shares of the company’s stock valued at $29,514,000 after purchasing an additional 19,822 shares in the last quarter. Prospera Private Wealth LLC grew its position in shares of TotalEnergies by 12.2% in the 3rd quarter. Prospera Private Wealth LLC now owns 14,377 shares of the company’s stock valued at $929,000 after purchasing an additional 1,566 shares during the period. Avior Wealth Management LLC raised its holdings in TotalEnergies by 62.9% during the 3rd quarter. Avior Wealth Management LLC now owns 3,063 shares of the company’s stock worth $198,000 after buying an additional 1,183 shares during the period. Finally, Prospera Financial Services Inc lifted its stake in TotalEnergies by 8.4% in the third quarter. Prospera Financial Services Inc now owns 25,234 shares of the company’s stock valued at $1,631,000 after buying an additional 1,945 shares in the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Stock Down 0.6 %

TTE stock opened at $59.66 on Friday. The company has a market cap of $140.88 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 1.94 and a beta of 0.64. TotalEnergies SE has a twelve month low of $58.46 and a twelve month high of $74.97. The business has a 50 day moving average price of $64.82 and a two-hundred day moving average price of $67.47. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TTE shares. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Scotiabank reduced their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Finally, Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Five research 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. According to data from MarketBeat, TotalEnergies has an average rating of “Moderate Buy” and an average 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.