Oppenheimer Asset Management Inc. Lowers Stake in TotalEnergies SE (NYSE:TTE)

Oppenheimer Asset Management Inc. reduced its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 8.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,551 shares of the company's stock after selling 8,984 shares during the period. Oppenheimer Asset Management Inc.'s holdings in TotalEnergies were worth $6,175,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Gabelli Funds LLC boosted its position in TotalEnergies by 5.5% during the first quarter. Gabelli Funds LLC now owns 309,200 shares of the company's stock valued at $21,282,000 after acquiring an additional 16,200 shares during the last quarter. National Bank of Canada FI increased its holdings in TotalEnergies by 25.7% in the 1st 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. Cetera Investment Advisers lifted its stake in shares of TotalEnergies by 105.0% during the 1st quarter. Cetera Investment Advisers now owns 215,737 shares of the company's stock valued at $14,849,000 after buying an additional 110,497 shares in the last quarter. Pitcairn Co. purchased a new position in shares of TotalEnergies in the first quarter valued at $592,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in TotalEnergies during the first quarter valued at approximately $710,000. 13.22% of the stock is currently owned by institutional investors.

TotalEnergies Stock Performance

TotalEnergies stock traded up $0.25 during trading hours on Friday, hitting $60.72. The stock had a trading volume of 1,068,027 shares, compared to its average volume of 1,483,865. The company has a market cap of $143.39 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 1.92 and a beta of 0.64. TotalEnergies SE has a fifty-two week low of $58.46 and a fifty-two week high of $74.97. The company has a 50-day moving average of $65.58 and a two-hundred day moving average of $67.99. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

Analysts Set New Price Targets

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