Foster & Motley Inc. Sells 227 Shares of TotalEnergies SE (NYSE:TTE)

Foster & Motley Inc. reduced its stake in TotalEnergies SE (NYSE:TTE) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,647 shares of the company’s stock after selling 227 shares during the quarter. Foster & Motley Inc.’s holdings in TotalEnergies were worth $2,497,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in shares of TotalEnergies by 100.5% in 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 last quarter. Pathway Financial Advisers LLC bought a new position in TotalEnergies in the 1st quarter worth about $29,000. Boit C F David bought a new stake in TotalEnergies during the 3rd quarter valued at about $32,000. Maryland Capital Advisors Inc. purchased a new position in TotalEnergies in the third quarter worth about $32,000. Finally, Eastern Bank bought a new position in shares of TotalEnergies in the third quarter worth approximately $32,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TTE. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Wolfe Research assumed coverage on TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price objective on the stock. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Scotiabank lowered their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.75.

TotalEnergies Stock Down 2.6 %

NYSE TTE opened at $61.78 on Thursday. The stock’s 50-day moving average price is $66.59 and its 200-day moving average price is $68.52. The company has a market capitalization of $145.89 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 2.01 and a beta of 0.64. 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 $61.01 and a 52 week high of $74.97.

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.