TotalEnergies SE (NYSE:TTE) Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its position in TotalEnergies SE (NYSE:TTE) by 18.4% during the third quarter, Holdings Channel reports. The fund owned 9,366 shares of the company’s stock after purchasing an additional 1,455 shares during the quarter. Aptus Capital Advisors LLC’s holdings in TotalEnergies were worth $605,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of TTE. Capital International Investors boosted its holdings in shares of TotalEnergies by 2.1% in the first quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock worth $334,383,000 after buying an additional 100,059 shares during the period. Raymond James & Associates boosted its stake in TotalEnergies by 0.6% during the third quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock worth $149,924,000 after buying an additional 13,022 shares in the last quarter. Natixis Advisors LLC boosted its stake in TotalEnergies by 3.4% during the second quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company’s stock worth $144,069,000 after buying an additional 71,658 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of TotalEnergies by 1.5% in the first 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 raised its holdings in shares of TotalEnergies by 0.6% in the second 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.

Wall Street Analyst Weigh In

Several analysts have weighed in on TTE shares. UBS Group raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Scotiabank reduced their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Stock Performance

TTE opened at $60.85 on Friday. The business’s fifty day moving average is $65.47 and its 200-day moving average is $67.89. The firm has a market cap of $143.69 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 1.92 and a beta of 0.64. 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 52-week low of $58.46 and a 52-week high of $74.97.

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.