Old Port Advisors Sells 910 Shares of TotalEnergies SE (NYSE:TTE)

Old Port Advisors decreased its stake in shares of TotalEnergies SE (NYSE:TTE) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,948 shares of the company’s stock after selling 910 shares during the period. TotalEnergies makes up 0.9% of Old Port Advisors’ investment portfolio, making the stock its 28th largest holding. Old Port Advisors’ holdings in TotalEnergies were worth $3,228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. boosted its position in TotalEnergies by 93.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 10,303 shares of the company’s stock valued at $709,000 after acquiring an additional 4,979 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in TotalEnergies by 17.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 42,264 shares of the company’s stock worth $2,909,000 after purchasing an additional 6,194 shares during the period. Norden Group LLC purchased a new stake in TotalEnergies in the first quarter worth $1,300,000. Abundance Wealth Counselors raised its holdings in TotalEnergies by 30.7% in the first quarter. Abundance Wealth Counselors now owns 16,958 shares of the company’s stock worth $1,167,000 after purchasing an additional 3,988 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its position in TotalEnergies by 2.9% during the first quarter. Legacy Wealth Asset Management LLC now owns 32,503 shares of the company’s stock valued at $2,237,000 after buying an additional 927 shares during the period. Institutional investors own 13.22% of the company’s stock.

Analyst Ratings Changes

TTE has been the subject of several research reports. Scotiabank decreased their price target 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. Barclays raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wolfe Research assumed coverage on shares of TotalEnergies in a research note 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, UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $64.65 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. The firm has a market cap of $152.67 billion, a price-to-earnings ratio of 7.33, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63. The business has a 50-day simple moving average of $67.33 and a two-hundred day simple moving average of $68.89. TotalEnergies SE has a fifty-two week low of $62.59 and a fifty-two week high of $74.97.

TotalEnergies 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.