Ipswich Investment Management Co. Inc. Sells 260 Shares of TotalEnergies SE (NYSE:TTE)

Ipswich Investment Management Co. Inc. decreased its holdings in TotalEnergies SE (NYSE:TTE) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,325 shares of the company’s stock after selling 260 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in TotalEnergies were worth $1,572,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC raised its position in shares of TotalEnergies by 100.5% during the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in 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 worth approximately $32,000. Maryland Capital Advisors Inc. bought a new stake in shares of TotalEnergies in the 3rd quarter valued at $32,000. Finally, Eastern Bank acquired a new stake in shares of TotalEnergies during the third quarter worth $32,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTE has been the topic of a number of research analyst reports. The Goldman Sachs Group raised shares of 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 note on Monday, September 30th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. 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 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 company’s stock. According to data from MarketBeat.com, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Stock Up 0.6 %

TTE stock opened at $60.85 on Friday. TotalEnergies SE has a twelve month low of $58.46 and a twelve month high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $143.69 billion, a PE ratio of 8.63, a PEG ratio of 1.92 and a beta of 0.64. The stock has a 50-day simple moving average of $65.47 and a two-hundred day simple moving average of $67.89.

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.