Freedom Investment Management Inc. Sells 490 Shares of TotalEnergies SE (NYSE:TTE)

Freedom Investment Management Inc. lowered its stake in TotalEnergies SE (NYSE:TTE) by 4.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,670 shares of the company’s stock after selling 490 shares during the quarter. Freedom Investment Management Inc.’s holdings in TotalEnergies were worth $625,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TTE. Larson Financial Group LLC raised its stake in TotalEnergies by 100.5% during the 2nd 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 period. Pathway Financial Advisers LLC bought a new stake in shares of TotalEnergies during the 1st quarter valued at $29,000. Boit C F David purchased a new position in shares of TotalEnergies during the 3rd quarter valued at $32,000. Maryland Capital Advisors Inc. bought a new position in TotalEnergies in the 3rd quarter worth $32,000. Finally, Eastern Bank purchased a new stake in TotalEnergies in the 3rd quarter worth $32,000. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 1.5 %

TTE stock opened at $58.00 on Friday. The firm has a fifty day moving average price of $63.95 and a 200 day moving average price of $67.07. TotalEnergies SE has a fifty-two week low of $56.69 and a fifty-two week high of $74.97. The firm has a market cap of $136.96 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 1.85 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TTE. UBS Group raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Scotiabank cut their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies presently has a consensus rating of “Moderate Buy” and an average target price of $78.75.

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.