Kingsview Wealth Management LLC Purchases 724 Shares of TotalEnergies SE (NYSE:TTE)

Kingsview Wealth Management LLC increased its holdings in TotalEnergies SE (NYSE:TTE) by 5.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,011 shares of the company’s stock after buying an additional 724 shares during the period. Kingsview Wealth Management LLC’s holdings in TotalEnergies were worth $905,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Raymond James & Associates boosted its position in TotalEnergies by 0.6% in the third 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 stake in shares of TotalEnergies by 4.9% during the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock worth $146,490,000 after purchasing an additional 106,347 shares during the period. Equity Investment Corp raised its stake in shares of TotalEnergies by 2.3% during the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after purchasing an additional 41,564 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of TotalEnergies by 5.1% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 675,170 shares of the company’s stock worth $45,020,000 after buying an additional 33,000 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in TotalEnergies by 3.4% during the third quarter. Pacer Advisors Inc. now owns 588,079 shares of the company’s stock valued at $38,002,000 after buying an additional 19,214 shares during the period. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Down 1.3 %

NYSE:TTE opened at $57.53 on Wednesday. The company has a market cap of $135.85 billion, a P/E ratio of 8.16, a P/E/G ratio of 1.93 and a beta of 0.64. TotalEnergies SE has a 1 year low of $57.20 and a 1 year high of $74.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The stock’s fifty day moving average price is $64.62 and its two-hundred day moving average price is $67.32.

Wall Street Analyst Weigh In

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

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.