Foster & Motley Inc. Cuts Stake in TotalEnergies SE (NYSE:TTE)

Foster & Motley Inc. cut its holdings 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 and Exchange Commission. The institutional investor owned 38,647 shares of the company’s stock after selling 227 shares during the period. Foster & Motley Inc.’s holdings in TotalEnergies were worth $2,497,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Capital International Investors lifted its holdings in shares of TotalEnergies by 2.1% in the first quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock worth $334,383,000 after buying an additional 100,059 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of TotalEnergies by 0.6% during the 3rd quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock valued at $149,924,000 after purchasing an additional 13,022 shares during the last quarter. Natixis Advisors LLC grew its position in shares of 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 purchasing an additional 71,658 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of TotalEnergies by 1.5% in the first quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company’s stock worth $140,366,000 after purchasing an additional 31,123 shares during the last quarter. Finally, Equity Investment Corp lifted its position in shares of TotalEnergies by 0.6% in the second quarter. Equity Investment Corp now owns 1,820,748 shares of the company’s stock worth $121,407,000 after buying an additional 10,707 shares in the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

TotalEnergies stock opened at $61.78 on Thursday. The firm 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’s 50-day moving average is $66.59 and its 200 day moving average is $68.52. TotalEnergies SE has a 1-year low of $61.01 and a 1-year high of $74.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of research reports. UBS Group raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Scotiabank dropped their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Finally, Wolfe Research initiated 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. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.75.

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.