TotalEnergies SE (NYSE:TTE) Holdings Lifted by Raymond James & Associates

Raymond James & Associates grew its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,320,091 shares of the company's stock after buying an additional 13,022 shares during the period. Raymond James & Associates owned about 0.10% of TotalEnergies worth $149,924,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TTE. BNP Paribas Financial Markets lifted its stake in TotalEnergies by 159,211.0% during the first quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company's stock worth $29,935,000 after purchasing an additional 434,646 shares during the last quarter. Gabelli Funds LLC grew its position in shares of TotalEnergies by 5.5% during the 1st quarter. Gabelli Funds LLC now owns 309,200 shares of the company's stock valued at $21,282,000 after buying an additional 16,200 shares during the last quarter. Tweedy Browne Co LLC bought a new stake in shares of TotalEnergies during the 1st quarter valued at about $10,852,000. Norden Group LLC acquired a new stake in TotalEnergies during the first quarter worth about $1,300,000. Finally, National Bank of Canada FI lifted its holdings in TotalEnergies by 25.7% in the first quarter. National Bank of Canada FI now owns 275,983 shares of the company's stock worth $20,370,000 after acquiring an additional 56,403 shares during the last quarter. Institutional investors and hedge funds own 13.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TTE shares. Scotiabank dropped their price target 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. TD Cowen lowered 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 report on Wednesday, October 9th. The Goldman Sachs Group raised shares of TotalEnergies to a "hold" rating in a report on Thursday, October 3rd. Finally, Barclays upgraded shares of 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's stock. According to MarketBeat.com, TotalEnergies presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.75.

TotalEnergies Stock Performance

Shares of TTE traded down $0.09 during trading hours on Friday, reaching $64.91. 1,026,513 shares of the company's stock traded hands, compared to its average volume of 1,669,559. TotalEnergies SE has a twelve month low of $62.59 and a twelve month high of $74.97. The business's fifty day simple moving average is $67.73 and its two-hundred day simple moving average is $69.24. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. The firm has a market capitalization of $153.28 billion, a price-to-earnings ratio of 7.36, a P/E/G ratio of 1.80 and a beta of 0.63.

TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.13). The company had revenue of $53.74 billion for the quarter, compared to analyst estimates of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. During the same period in the previous year, the business posted $1.99 EPS. Analysts predict that TotalEnergies SE will post 8.17 earnings per share for the current year.

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.