TotalEnergies SE (NYSE:TTE) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its holdings in shares of TotalEnergies SE (NYSE:TTE) by 8.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,551 shares of the company’s stock after selling 8,984 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in TotalEnergies were worth $6,175,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Larson Financial Group LLC boosted its holdings in TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of TotalEnergies during the 1st quarter worth approximately $29,000. Boit C F David acquired a new position in shares of TotalEnergies in the 3rd quarter valued at $32,000. Maryland Capital Advisors Inc. purchased a new position in shares of TotalEnergies in the 3rd quarter valued at $32,000. Finally, Eastern Bank acquired a new stake in TotalEnergies during the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TTE shares. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. UBS Group raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Wolfe Research initiated coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price on the stock. Finally, Scotiabank reduced their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Trading Up 1.0 %

Shares of TTE stock opened at $60.47 on Friday. The company has a market capitalization of $142.80 billion, a P/E ratio of 8.58, a price-to-earnings-growth ratio of 1.92 and a beta of 0.64. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $65.58 and its two-hundred day moving average is $67.99. TotalEnergies SE has a twelve month low of $58.46 and a twelve 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.