Fiduciary Trust Co Boosts Position in TotalEnergies SE (NYSE:TTE)

Fiduciary Trust Co grew its position in TotalEnergies SE (NYSE:TTE) by 45.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,843 shares of the company’s stock after buying an additional 6,862 shares during the quarter. Fiduciary Trust Co’s holdings in TotalEnergies were worth $1,411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mather Group LLC. increased its holdings in TotalEnergies by 12.4% during the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock valued at $85,000 after acquiring an additional 145 shares in the last quarter. Hexagon Capital Partners LLC grew its position in shares of TotalEnergies by 5.1% in the second quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock valued at $227,000 after purchasing an additional 164 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of TotalEnergies by 0.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock worth $1,793,000 after purchasing an additional 165 shares in the last quarter. Lake Street Advisors Group LLC raised its position in shares of TotalEnergies by 2.2% during the 3rd quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock worth $563,000 after purchasing an additional 181 shares during the last quarter. Finally, Opal Wealth Advisors LLC lifted its stake in TotalEnergies by 17.0% in the 2nd quarter. Opal Wealth Advisors LLC now owns 1,285 shares of the company’s stock valued at $86,000 after buying an additional 187 shares in the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Price Performance

TTE opened at $58.00 on Friday. The company has a market capitalization of $136.96 billion, a P/E ratio of 8.23, a PEG ratio of 1.85 and a beta of 0.64. The company has a 50-day moving average of $63.95 and a 200-day moving average of $67.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a 1-year low of $56.69 and a 1-year high of $74.97.

Analyst Upgrades and Downgrades

TTE has been the subject of several recent research reports. TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday. Finally, Scotiabank reduced their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.75.

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.