Forte Capital LLC ADV Sells 525 Shares of TotalEnergies SE (NYSE:TTE)

Forte Capital LLC ADV lowered its stake in TotalEnergies SE (NYSE:TTE) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,320 shares of the company’s stock after selling 525 shares during the quarter. Forte Capital LLC ADV’s holdings in TotalEnergies were worth $2,218,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Harvest Portfolios Group Inc. raised its stake in shares of TotalEnergies by 11.7% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 24,654 shares of the company’s stock worth $1,593,000 after purchasing an additional 2,583 shares in the last quarter. Pittenger & Anderson Inc. increased its holdings in TotalEnergies by 17.0% during the third quarter. Pittenger & Anderson Inc. now owns 52,263 shares of the company’s stock worth $3,377,000 after buying an additional 7,605 shares during the last quarter. Martin Investment Management LLC raised its position in TotalEnergies by 5.3% during the third quarter. Martin Investment Management LLC now owns 3,975 shares of the company’s stock worth $257,000 after acquiring an additional 200 shares in the last quarter. QRG Capital Management Inc. lifted its stake in TotalEnergies by 1.7% in the third quarter. QRG Capital Management Inc. now owns 160,851 shares of the company’s stock valued at $10,394,000 after acquiring an additional 2,745 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of TotalEnergies by 10.3% in the 3rd quarter. Van ECK Associates Corp now owns 33,828 shares of the company’s stock valued at $2,185,000 after acquiring an additional 3,159 shares during the period. Institutional investors own 13.22% of the company’s stock.

Analyst Ratings Changes

TTE has been the subject of several recent analyst reports. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Scotiabank cut their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Wolfe Research assumed coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price objective for the company. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $61.78 on Thursday. TotalEnergies SE has a one year low of $61.01 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. The firm has a market cap of $145.89 billion, a price-to-earnings ratio of 8.76, a P/E/G ratio of 2.01 and a beta of 0.64. The stock’s fifty day moving average price is $66.59 and its two-hundred day moving average price is $68.52.

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.