Lowe Brockenbrough & Co. Inc. Lowers Position in TotalEnergies SE (NYSE:TTE)

Lowe Brockenbrough & Co. Inc. lowered its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 25.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,335 shares of the company's stock after selling 23,034 shares during the quarter. Lowe Brockenbrough & Co. Inc.'s holdings in TotalEnergies were worth $4,344,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Norden Group LLC purchased a new position in shares of TotalEnergies during the 1st quarter valued at about $1,300,000. J.W. Cole Advisors Inc. raised its stake in shares of TotalEnergies by 9.1% during the first quarter. J.W. Cole Advisors Inc. now owns 4,713 shares of the company's stock worth $324,000 after acquiring an additional 392 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of TotalEnergies by 3.8% in the 1st quarter. Private Advisor Group LLC now owns 31,135 shares of the company's stock worth $2,143,000 after acquiring an additional 1,150 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of TotalEnergies in the 1st quarter valued at $546,000. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of TotalEnergies by 7.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 17,673 shares of the company's stock valued at $1,216,000 after purchasing an additional 1,288 shares during the last quarter. 13.22% of the stock is owned by institutional investors.

TotalEnergies Trading Down 0.1 %

TTE traded down $0.09 during midday trading on Friday, reaching $62.47. 1,196,065 shares of the company's stock traded hands, compared to its average volume of 1,419,986. The stock has a market capitalization of $147.52 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 2.19 and a beta of 0.64. TotalEnergies SE has a 52 week low of $61.95 and a 52 week high of $74.97. The firm has a fifty day moving average of $66.87 and a two-hundred day moving average of $68.66. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87.

Analysts Set New Price Targets

TTE has been the subject of several recent research reports. UBS Group raised shares of TotalEnergies to a "strong-buy" rating in a research note on Wednesday, October 9th. TD Cowen cut TotalEnergies from a "strong-buy" rating to a "hold" rating in a report on Monday, September 30th. The Goldman Sachs Group upgraded TotalEnergies to a "hold" rating in a research report on Thursday, October 3rd. Wolfe Research began coverage on TotalEnergies in a research report on Thursday, July 18th. They issued an "outperform" rating and a $87.00 price objective for the company. Finally, Scotiabank cut their target price on shares of TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating on the stock in a report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.