TotalEnergies SE (NYSE:TTE) Short Interest Down 39.5% in October

TotalEnergies SE (NYSE:TTE - Get Free Report) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 4,110,000 shares, a decline of 39.5% from the October 15th total of 6,790,000 shares. Based on an average daily trading volume, of 1,400,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.2% of the company's shares are short sold.

Analyst Ratings Changes

TTE has been the subject of a number of research reports. Scotiabank decreased their price target on shares of TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating for the company in a research note on Thursday, October 10th. TD Cowen cut TotalEnergies from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 30th. The Goldman Sachs Group raised TotalEnergies to a "hold" rating in a research note on Thursday, October 3rd. Barclays raised TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 2nd. Finally, UBS Group upgraded shares of TotalEnergies to a "strong-buy" rating in a report on Wednesday, October 9th. Five investment 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 company. According to MarketBeat, TotalEnergies currently has an average rating of "Moderate Buy" and an average price target of $78.75.

TotalEnergies Stock Up 0.6 %

TTE stock traded up $0.38 on Friday, reaching $60.85. 2,138,451 shares of the company traded hands, compared to its average volume of 1,488,687. The firm has a fifty day simple moving average of $65.47 and a 200-day simple moving average of $67.86. The company has a market cap of $143.69 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 1.92 and a beta of 0.64. TotalEnergies has a one year low of $58.46 and a one year high of $74.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88.

Institutional Investors Weigh In On TotalEnergies

A number of institutional investors have recently made changes to their positions in TTE. Mather Group LLC. lifted its position in TotalEnergies by 12.4% in the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company's stock valued at $85,000 after acquiring an additional 145 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings 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 valued at $227,000 after purchasing an additional 164 shares in the last quarter. Venturi Wealth Management LLC boosted 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 valued at $1,793,000 after buying an additional 165 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of TotalEnergies by 1.0% during the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company's stock valued at $1,085,000 after buying an additional 169 shares during the last quarter. Finally, Tradition Wealth Management LLC increased its holdings in TotalEnergies by 2.5% in the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company's stock worth $460,000 after buying an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 13.22% of the company's stock.

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.