Townsend & Associates Inc Buys 37,778 Shares of TotalEnergies SE (NYSE:TTE)

Townsend & Associates Inc increased its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 16.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 265,996 shares of the company's stock after purchasing an additional 37,778 shares during the quarter. TotalEnergies comprises about 1.8% of Townsend & Associates Inc's holdings, making the stock its 23rd largest position. Townsend & Associates Inc's holdings in TotalEnergies were worth $17,183,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital International Investors raised its stake in TotalEnergies by 2.1% in the first quarter. Capital International Investors now owns 4,858,097 shares of the company's stock valued at $334,383,000 after purchasing an additional 100,059 shares in the last quarter. Raymond James & Associates grew its holdings in shares of TotalEnergies by 0.6% during the 3rd quarter. Raymond James & Associates now owns 2,320,091 shares of the company's stock valued at $149,924,000 after purchasing an additional 13,022 shares during the last quarter. Natixis Advisors LLC raised its position in TotalEnergies by 3.4% in the 2nd quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company's stock worth $144,069,000 after purchasing an additional 71,658 shares during the period. Clearbridge Investments LLC lifted its stake in TotalEnergies by 1.5% in the first quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company's stock worth $140,366,000 after purchasing an additional 31,123 shares during the last quarter. Finally, Equity Investment Corp grew its stake in shares of TotalEnergies by 0.6% during the second quarter. Equity Investment Corp now owns 1,820,748 shares of the company's stock valued at $121,407,000 after buying an additional 10,707 shares during the last quarter. 13.22% of the stock is currently owned by institutional investors.

TotalEnergies Stock Performance

Shares of NYSE:TTE traded down $1.52 during midday trading on Friday, hitting $61.23. The company had a trading volume of 1,552,585 shares, compared to its average volume of 1,452,452. The company has a market cap of $144.59 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 1.99 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The company has a fifty day moving average of $66.14 and a two-hundred day moving average of $68.36. TotalEnergies SE has a 12-month low of $60.64 and a 12-month high of $74.97.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of recent analyst reports. Wolfe Research began coverage on shares of TotalEnergies in a report on Thursday, July 18th. They issued an "outperform" rating and a $87.00 price target on the stock. UBS Group upgraded TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 9th. Scotiabank reduced their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 10th. Barclays upgraded shares of TotalEnergies to a "strong-buy" rating in a report on Wednesday, October 2nd. Finally, The Goldman Sachs Group upgraded shares of TotalEnergies to a "hold" rating in a report on Thursday, October 3rd. Five investment 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 data from MarketBeat.com, the stock currently has a consensus 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.