Rockefeller Capital Management L.P. Sells 18,282 Shares of TotalEnergies SE (NYSE:TTE)

Rockefeller Capital Management L.P. trimmed its position in TotalEnergies SE (NYSE:TTE) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,298,502 shares of the company’s stock after selling 18,282 shares during the period. Rockefeller Capital Management L.P.’s holdings in TotalEnergies were worth $83,913,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC lifted 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 in the last quarter. Pathway Financial Advisers LLC bought a new position in shares of TotalEnergies during the 1st quarter valued at about $29,000. Boit C F David acquired a new position in shares of TotalEnergies in the 3rd quarter valued at approximately $32,000. Maryland Capital Advisors Inc. bought a new stake in TotalEnergies during the 3rd quarter worth approximately $32,000. Finally, Eastern Bank bought a new position in TotalEnergies in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TTE shares. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday. TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, Scotiabank dropped their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Six equities research 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.75.

TotalEnergies Trading Down 0.7 %

Shares of NYSE:TTE opened at $57.16 on Friday. TotalEnergies SE has a 12-month low of $56.69 and a 12-month high of $74.97. The business has a 50 day moving average of $64.19 and a 200-day moving average of $67.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The stock has a market cap of $134.98 billion, a PE ratio of 8.11, a P/E/G ratio of 1.85 and a beta of 0.64.

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.