Mesirow Financial Investment Management Inc. Invests $214,000 in TotalEnergies SE (NYSE:TTE)

Mesirow Financial Investment Management Inc. acquired a new stake in shares of TotalEnergies SE (NYSE:TTE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,305 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds also recently bought and sold shares of TTE. International Assets Investment Management LLC raised its stake in shares of TotalEnergies by 6,367.4% during the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock worth $23,755,000 after acquiring an additional 361,923 shares in the last quarter. Generate Investment Management Ltd purchased a new position in TotalEnergies in the 2nd quarter worth $13,306,000. Mediolanum International Funds Ltd bought a new stake in TotalEnergies in the third quarter worth $11,504,000. Allspring Global Investments Holdings LLC boosted its position in TotalEnergies by 316.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 228,781 shares of the company’s stock valued at $14,784,000 after buying an additional 173,810 shares during the period. Finally, OLD Mission Capital LLC bought a new position in shares of TotalEnergies during the first quarter valued at about $9,738,000. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Down 2.5 %

Shares of NYSE TTE opened at $59.57 on Wednesday. The firm has a fifty day simple moving average of $65.84 and a two-hundred day simple moving average of $68.10. TotalEnergies SE has a 12 month low of $58.81 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. The firm has a market capitalization of $140.67 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 1.97 and a beta of 0.64.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TTE. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Wolfe Research assumed coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective on the stock. Finally, Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, TotalEnergies has an average rating of “Moderate Buy” and an average target price of $78.75.

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.