D.A. Davidson & CO. Has $5.40 Million Position in TotalEnergies SE (NYSE:TTE)

D.A. Davidson & CO. reduced its stake in shares of TotalEnergies SE (NYSE:TTE) by 0.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 83,586 shares of the company’s stock after selling 411 shares during the period. D.A. Davidson & CO.’s holdings in TotalEnergies were worth $5,401,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC raised its position in TotalEnergies by 100.5% in the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after buying an additional 212 shares during the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of TotalEnergies in the first quarter valued at about $29,000. Boit C F David bought a new position in shares of TotalEnergies during the third quarter valued at about $32,000. Maryland Capital Advisors Inc. purchased a new position in TotalEnergies during the third quarter worth about $32,000. Finally, Eastern Bank bought a new stake in TotalEnergies in the 3rd quarter worth about $32,000. 13.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TTE shares. Scotiabank dropped their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Finally, TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Trading Down 0.7 %

Shares of TotalEnergies stock opened at $57.16 on Thursday. The company’s 50-day moving average price is $64.41 and its 200-day moving average price is $67.21. The company has a market cap of $134.97 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 1.89 and a beta of 0.64. TotalEnergies SE has a 12-month low of $56.69 and a 12-month high of $74.97. 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 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.