TotalEnergies SE (NYSE:TTE) Shares Purchased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. increased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 26.5% during the third quarter, HoldingsChannel reports. The fund owned 2,332 shares of the company’s stock after buying an additional 488 shares during the period. Brown Brothers Harriman & Co.’s holdings in TotalEnergies were worth $151,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC grew its holdings in TotalEnergies by 100.5% during the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares during the period. Pathway Financial Advisers LLC acquired a new position in TotalEnergies during the first quarter worth $29,000. Boit C F David acquired a new position in TotalEnergies during the third quarter worth $32,000. Maryland Capital Advisors Inc. acquired a new position in TotalEnergies during the third quarter worth $32,000. Finally, Eastern Bank purchased a new stake in TotalEnergies during the third quarter worth $32,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Stock Down 0.7 %

Shares of NYSE:TTE opened at $57.16 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. TotalEnergies SE has a 52-week low of $56.69 and a 52-week high of $74.97. The stock’s fifty day simple moving average is $64.41 and its 200-day simple moving average is $67.21. The company has a market capitalization of $134.97 billion, a P/E ratio of 8.11, a P/E/G ratio of 1.89 and a beta of 0.64.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of research analyst reports. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday. Scotiabank decreased their target price on 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 TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies 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.