First National Trust Co Grows Position in TotalEnergies SE (NYSE:TTE)

First National Trust Co raised its holdings in shares of TotalEnergies SE (NYSE:TTE) by 43.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 17,003 shares of the company’s stock after purchasing an additional 5,112 shares during the period. First National Trust Co’s holdings in TotalEnergies were worth $1,099,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. WCM Investment Management LLC increased its holdings in TotalEnergies by 352.5% during the third quarter. WCM Investment Management LLC now owns 18,085 shares of the company’s stock valued at $1,196,000 after buying an additional 14,088 shares during the period. Venturi Wealth Management LLC boosted its position in TotalEnergies by 0.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock valued at $1,793,000 after acquiring an additional 165 shares in the last quarter. Addison Advisors LLC increased its holdings in shares of TotalEnergies by 40.4% in the 3rd quarter. Addison Advisors LLC now owns 969 shares of the company’s stock valued at $63,000 after acquiring an additional 279 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of TotalEnergies by 48.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after acquiring an additional 54,478 shares in the last quarter. Finally, Mayflower Financial Advisors LLC lifted its stake in shares of TotalEnergies by 13.7% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 12,698 shares of the company’s stock worth $821,000 after purchasing an additional 1,529 shares during the last quarter. Institutional investors own 13.22% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TTE. Scotiabank reduced their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Wolfe Research initiated coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price for the company. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Finally, Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Trading Down 2.5 %

NYSE:TTE opened at $59.57 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of $65.84 and a 200-day simple moving average of $68.10. TotalEnergies SE has a 12 month low of $58.81 and a 12 month high of $74.97. The company has a market capitalization of $140.67 billion, a P/E ratio of 8.45, a PEG ratio of 1.96 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.