Princeton Global Asset Management LLC Acquires 548 Shares of TotalEnergies SE (NYSE:TTE)

Princeton Global Asset Management LLC boosted its holdings in shares of TotalEnergies SE (NYSE:TTE) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,970 shares of the company’s stock after acquiring an additional 548 shares during the quarter. Princeton Global Asset Management LLC’s holdings in TotalEnergies were worth $2,712,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital International Investors raised its position in TotalEnergies by 2.1% during the first quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock valued at $334,383,000 after acquiring an additional 100,059 shares in the last quarter. Raymond James & Associates raised its position in TotalEnergies by 0.6% during the third quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock valued at $149,924,000 after acquiring an additional 13,022 shares in the last quarter. Natixis Advisors LLC raised its position in TotalEnergies by 3.4% during the second quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company’s stock valued at $144,069,000 after acquiring an additional 71,658 shares in the last quarter. Clearbridge Investments LLC raised its position in TotalEnergies by 1.5% during the first quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company’s stock valued at $140,366,000 after acquiring an additional 31,123 shares in the last quarter. Finally, Equity Investment Corp raised its position in TotalEnergies by 0.6% during the second quarter. Equity Investment Corp now owns 1,820,748 shares of the company’s stock valued at $121,407,000 after acquiring an additional 10,707 shares in the last quarter. Institutional investors own 13.22% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wolfe Research assumed coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target on the stock. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Finally, Scotiabank dropped their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Five equities 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Trading Down 0.1 %

Shares of TotalEnergies stock opened at $62.47 on Friday. The company’s fifty day simple moving average is $66.87 and its 200-day simple moving average is $68.66. The company has a market cap of $147.52 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 2.19 and a beta of 0.64. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. TotalEnergies SE has a 1 year low of $61.95 and a 1 year high of $74.97.

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.