TotalEnergies SE (NYSE:TTE) Position Raised by WESPAC Advisors LLC

WESPAC Advisors LLC lifted its position in shares of TotalEnergies SE (NYSE:TTE) by 22.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,244 shares of the company’s stock after acquiring an additional 1,699 shares during the period. WESPAC Advisors LLC’s holdings in TotalEnergies were worth $597,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TTE. Cetera Investment Advisers boosted its stake in TotalEnergies by 105.0% during the 1st quarter. Cetera Investment Advisers now owns 215,737 shares of the company’s stock valued at $14,849,000 after purchasing an additional 110,497 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in shares of TotalEnergies during the first quarter worth approximately $710,000. Crossmark Global Holdings Inc. boosted its position in shares of TotalEnergies by 48.3% during the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after buying an additional 54,478 shares during the period. CWA Asset Management Group LLC bought a new position in TotalEnergies in the 3rd quarter worth approximately $823,000. Finally, Silvercrest Asset Management Group LLC increased its position in TotalEnergies by 8.9% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 107,644 shares of the company’s stock valued at $7,409,000 after acquiring an additional 8,827 shares during the period. Institutional investors own 13.22% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Scotiabank reduced 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. Finally, Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Five investment 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $78.75.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $59.66 on Friday. The firm has a 50-day moving average of $64.82 and a two-hundred day moving average of $67.47. The company has a market capitalization of $140.88 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 1.94 and a beta of 0.64. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. TotalEnergies SE has a twelve month low of $58.46 and a twelve month 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.