Forte Capital LLC ADV Sells 525 Shares of TotalEnergies SE (NYSE:TTE)

Forte Capital LLC ADV trimmed its stake in shares of TotalEnergies SE (NYSE:TTE) by 1.5% in the third quarter, HoldingsChannel.com reports. The fund owned 34,320 shares of the company’s stock after selling 525 shares during the quarter. Forte Capital LLC ADV’s holdings in TotalEnergies were worth $2,218,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Harvest Portfolios Group Inc. raised its stake in TotalEnergies by 11.7% in the third quarter. Harvest Portfolios Group Inc. now owns 24,654 shares of the company’s stock valued at $1,593,000 after purchasing an additional 2,583 shares in the last quarter. Pittenger & Anderson Inc. increased its holdings in TotalEnergies by 17.0% in the 3rd quarter. Pittenger & Anderson Inc. now owns 52,263 shares of the company’s stock valued at $3,377,000 after buying an additional 7,605 shares during the period. Martin Investment Management LLC raised its position in shares of TotalEnergies by 5.3% in the 3rd quarter. Martin Investment Management LLC now owns 3,975 shares of the company’s stock valued at $257,000 after buying an additional 200 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of TotalEnergies by 1.7% during the 3rd quarter. QRG Capital Management Inc. now owns 160,851 shares of the company’s stock worth $10,394,000 after acquiring an additional 2,745 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of TotalEnergies by 10.3% during the 3rd quarter. Van ECK Associates Corp now owns 33,828 shares of the company’s stock worth $2,185,000 after acquiring an additional 3,159 shares in the last quarter. 13.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Wolfe Research assumed coverage on shares of TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price for the company. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Five 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Trading Down 2.6 %

Shares of NYSE TTE opened at $61.78 on Thursday. The firm has a 50 day moving average price of $66.59 and a two-hundred day moving average price of $68.52. The stock has a market cap 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. TotalEnergies SE has a 52-week low of $61.01 and a 52-week high of $74.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies Company 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.