TotalEnergies SE (NYSE:TTE) Shares Bought by Cerity Partners LLC

Cerity Partners LLC lifted its position in shares of TotalEnergies SE (NYSE:TTE) by 30.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,345 shares of the company’s stock after purchasing an additional 39,400 shares during the quarter. Cerity Partners LLC’s holdings in TotalEnergies were worth $10,814,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TTE. Raymond James & Associates increased its holdings in TotalEnergies by 0.6% in the third 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 in the last quarter. Natixis Advisors LLC boosted its stake in shares of TotalEnergies by 4.9% during 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 position in shares of TotalEnergies by 2.3% during the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after acquiring an additional 41,564 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in TotalEnergies by 5.1% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 675,170 shares of the company’s stock worth $45,020,000 after purchasing an additional 33,000 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of TotalEnergies by 3.4% in the third quarter. Pacer Advisors Inc. now owns 588,079 shares of the company’s stock valued at $38,002,000 after purchasing an additional 19,214 shares during the period. 13.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TTE has been the topic of several recent research reports. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Scotiabank cut their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Finally, UBS Group raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, TotalEnergies has an average rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Price Performance

Shares of TTE stock opened at $57.53 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The company has a market capitalization of $135.85 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 1.93 and a beta of 0.64. The firm’s 50-day moving average is $64.62 and its two-hundred day moving average is $67.32. TotalEnergies SE has a 12 month low of $57.20 and a 12 month high of $74.97.

TotalEnergies Company 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.