Mesirow Financial Investment Management Inc. Makes New Investment in TotalEnergies SE (NYSE:TTE)

Mesirow Financial Investment Management Inc. bought a new stake in shares of TotalEnergies SE (NYSE:TTE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,305 shares of the company’s stock, valued at approximately $214,000.

Several other large investors also recently modified their holdings of the stock. International Assets Investment Management LLC increased its position in 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 purchased a new stake in TotalEnergies in the 2nd quarter worth about $13,306,000. Mediolanum International Funds Ltd bought a new stake in TotalEnergies in the 3rd quarter valued at about $11,504,000. Allspring Global Investments Holdings LLC lifted its holdings in TotalEnergies by 316.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 228,781 shares of the company’s stock valued at $14,784,000 after purchasing an additional 173,810 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new position in TotalEnergies during the first quarter worth about $9,738,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Analysts Set New Price Targets

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

TotalEnergies Stock Performance

NYSE:TTE opened at $59.57 on Wednesday. TotalEnergies SE has a twelve month low of $58.81 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 stock has a market cap of $140.67 billion, a P/E ratio of 8.45, a PEG ratio of 1.97 and a beta of 0.64. The business’s 50-day moving average price is $65.84 and its two-hundred day moving average price is $68.10.

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.