Cadence Bank Increases Position in TotalEnergies SE (NYSE:TTE)

Cadence Bank increased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 2.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 107,376 shares of the company’s stock after acquiring an additional 2,589 shares during the period. Cadence Bank’s holdings in TotalEnergies were worth $6,939,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. FMR LLC grew its holdings in shares of TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares during the last quarter. Raymond James & Associates boosted its position in TotalEnergies by 0.6% in the 3rd quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock valued at $149,924,000 after buying an additional 13,022 shares during the period. Natixis Advisors LLC grew its stake in TotalEnergies by 4.9% in the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock worth $146,490,000 after acquiring an additional 106,347 shares in the last quarter. Equity Investment Corp grew its stake in TotalEnergies by 2.3% in the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after acquiring an additional 41,564 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of TotalEnergies by 5.1% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 675,170 shares of the company’s stock worth $45,020,000 after acquiring an additional 33,000 shares during the period. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TTE shares. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Scotiabank lowered 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 report on Thursday, October 10th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, Barclays upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Five equities 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. According to MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Trading Down 1.3 %

Shares of NYSE:TTE opened at $57.53 on Wednesday. The business’s 50-day moving average is $64.62 and its 200 day moving average is $67.32. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 1 year low of $57.20 and a 1 year high of $74.97. The firm has a market capitalization of $135.85 billion, a P/E ratio of 8.16, a P/E/G ratio of 1.89 and a beta of 0.64.

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.