Empowered Funds LLC Purchases 1,107 Shares of TotalEnergies SE (NYSE:TTE)

Empowered Funds LLC boosted its holdings in shares of TotalEnergies SE (NYSE:TTE) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,321 shares of the company’s stock after acquiring an additional 1,107 shares during the quarter. Empowered Funds LLC’s holdings in TotalEnergies were worth $2,606,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of TotalEnergies by 6,367.4% in the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock worth $23,755,000 after buying an additional 361,923 shares during the last quarter. Generate Investment Management Ltd bought a new position in shares of TotalEnergies in the 2nd quarter valued at approximately $13,306,000. Mediolanum International Funds Ltd acquired a new stake in TotalEnergies in the 3rd quarter worth approximately $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 worth $14,784,000 after purchasing an additional 173,810 shares during the period. Finally, OLD Mission Capital LLC acquired a new position in TotalEnergies during the first quarter valued at approximately $9,738,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

NYSE:TTE opened at $60.73 on Wednesday. The firm has a market capitalization of $143.41 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 1.97 and a beta of 0.64. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. TotalEnergies SE has a 12-month low of $58.46 and a 12-month high of $74.97. The firm has a 50-day moving average price of $65.24 and a 200 day moving average price of $67.69.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TTE. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Scotiabank lowered their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group raised 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 research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock 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.