TotalEnergies SE (NYSE:TTE) Sees Significant Decrease in Short Interest

TotalEnergies SE (NYSE:TTE) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 4,110,000 shares, a decrease of 39.5% from the October 15th total of 6,790,000 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Trading of TotalEnergies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its position in TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after acquiring an additional 324,033 shares during the period. Capital International Investors lifted its holdings in shares of TotalEnergies by 2.1% in the 1st quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock valued at $334,383,000 after buying an additional 100,059 shares during the period. Raymond James & Associates lifted its holdings in shares of TotalEnergies by 0.6% in the 3rd quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock valued at $149,924,000 after buying an additional 13,022 shares during the period. Natixis Advisors LLC lifted its holdings in shares of TotalEnergies by 4.9% in the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock valued at $146,490,000 after buying an additional 106,347 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of TotalEnergies by 1.5% in 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 period. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Stock Up 0.6 %

TotalEnergies stock opened at $60.85 on Friday. 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 has a market capitalization of $143.69 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 1.92 and a beta of 0.64. TotalEnergies has a 1-year low of $58.46 and a 1-year high of $74.97. The business has a fifty day moving average price of $65.47 and a 200-day moving average price of $67.89.

Analyst Ratings Changes

A number of analysts recently commented on TTE shares. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Scotiabank reduced their price objective 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. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Finally, UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock 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.