WCM Investment Management LLC Purchases 14,088 Shares of TotalEnergies SE (NYSE:TTE)

WCM Investment Management LLC grew its position in TotalEnergies SE (NYSE:TTE - Free Report) by 352.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,085 shares of the company's stock after acquiring an additional 14,088 shares during the period. WCM Investment Management LLC's holdings in TotalEnergies were worth $1,196,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TTE. Larson Financial Group LLC raised its position in TotalEnergies by 100.5% in the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company's stock worth $28,000 after purchasing an additional 212 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in TotalEnergies in the 1st quarter worth approximately $29,000. Boit C F David bought a new position in TotalEnergies in the 3rd quarter worth approximately $32,000. Maryland Capital Advisors Inc. bought a new position in TotalEnergies in the 3rd quarter worth approximately $32,000. Finally, Eastern Bank bought a new position in TotalEnergies in the 3rd quarter worth approximately $32,000. Institutional investors own 13.22% of the company's stock.

TotalEnergies Stock Up 1.3 %

NYSE:TTE traded up $0.79 on Wednesday, hitting $60.36. 2,753,903 shares of the company's stock were exchanged, compared to its average volume of 1,468,089. The firm has a 50-day moving average price of $65.84 and a 200-day moving average price of $68.10. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 52 week low of $58.46 and a 52 week high of $74.97. The company has a market cap of $142.54 billion, a P/E ratio of 8.32, a price-to-earnings-growth ratio of 1.91 and a beta of 0.64.

Analyst Ratings Changes

Several brokerages have commented on TTE. TD Cowen cut shares of TotalEnergies from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 30th. Wolfe Research began coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They set an "outperform" rating and a $87.00 target price for the company. Scotiabank dropped their target price on shares of 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 upgraded shares of TotalEnergies to a "hold" rating in a research report on Thursday, October 3rd. Finally, UBS Group raised 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 assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $78.75.

TotalEnergies Company 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.