CWA Asset Management Group LLC Invests $823,000 in TotalEnergies SE (NYSE:TTE)

CWA Asset Management Group LLC bought a new stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,736 shares of the company's stock, valued at approximately $823,000.

A number of other institutional investors also recently made changes to their positions in TTE. Capital International Investors increased its stake in TotalEnergies by 2.1% in the 1st quarter. Capital International Investors now owns 4,858,097 shares of the company's stock valued at $334,383,000 after buying an additional 100,059 shares during the period. Raymond James & Associates boosted its position in shares of TotalEnergies by 0.6% during the third quarter. Raymond James & Associates now owns 2,320,091 shares of the company's stock worth $149,924,000 after purchasing an additional 13,022 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of TotalEnergies by 3.4% during the second quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company's stock worth $144,069,000 after acquiring an additional 71,658 shares during the period. Clearbridge Investments LLC grew its position in shares of TotalEnergies by 1.5% in the 1st quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company's stock valued at $140,366,000 after acquiring an additional 31,123 shares during the period. Finally, Equity Investment Corp boosted its holdings in shares of TotalEnergies by 0.6% during the 2nd quarter. Equity Investment Corp now owns 1,820,748 shares of the company's stock worth $121,407,000 after buying an additional 10,707 shares during the period. 13.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TTE. Wolfe Research assumed coverage on shares of TotalEnergies in a research note on Thursday, July 18th. They issued an "outperform" rating and a $87.00 price objective on the stock. TD Cowen lowered shares of TotalEnergies from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 30th. UBS Group raised shares of TotalEnergies to a "strong-buy" rating in a research note on Wednesday, October 9th. The Goldman Sachs Group upgraded shares of TotalEnergies to a "hold" rating in a report on Thursday, October 3rd. Finally, Barclays raised TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, TotalEnergies currently has an average rating of "Moderate Buy" and an average price target of $78.75.

TotalEnergies Price Performance

TTE stock traded down $0.16 during midday trading on Monday, hitting $61.07. 1,125,935 shares of the stock were exchanged, compared to its average volume of 1,450,954. The stock's 50-day moving average price is $66.14 and its 200-day moving average price is $68.29. The stock has a market cap of $144.21 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 1.97 and a beta of 0.64. TotalEnergies SE has a fifty-two week low of $60.64 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10.

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.