TotalEnergies SE (NYSE:TTE) Shares Sold by Buckingham Capital Management Inc.

Buckingham Capital Management Inc. decreased its position in shares of TotalEnergies SE (NYSE:TTE) by 20.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,668 shares of the company’s stock after selling 5,172 shares during the period. Buckingham Capital Management Inc.’s holdings in TotalEnergies were worth $1,271,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TTE. Capital International Investors increased its position in shares of TotalEnergies by 2.1% during the first quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock worth $334,383,000 after acquiring an additional 100,059 shares during the last quarter. Raymond James & Associates increased its holdings in TotalEnergies by 0.6% during the 3rd quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock worth $149,924,000 after purchasing an additional 13,022 shares during the last quarter. Natixis Advisors LLC raised its position in shares of TotalEnergies by 3.4% in the 2nd quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company’s stock valued at $144,069,000 after purchasing an additional 71,658 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of TotalEnergies by 1.5% during the 1st quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company’s stock valued at $140,366,000 after buying an additional 31,123 shares during the last quarter. Finally, Equity Investment Corp boosted its stake in shares of TotalEnergies by 0.6% during the 2nd quarter. Equity Investment Corp now owns 1,820,748 shares of the company’s stock valued at $121,407,000 after buying an additional 10,707 shares during the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Trading Down 0.5 %

NYSE TTE opened at $60.91 on Monday. 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 one year low of $60.64 and a one year high of $74.97. The company has a 50-day simple moving average of $66.14 and a 200-day simple moving average of $68.29. The firm has a market capitalization of $143.84 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 1.97 and a beta of 0.64.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TTE. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Wolfe Research began coverage on TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target for the company. Finally, The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.75.

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.