TotalEnergies SE (NYSE:TTE) Short Interest Down 39.5% in October

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

TotalEnergies Trading Up 0.6 %

Shares of TTE stock opened at $60.85 on Friday. The stock has a market capitalization of $143.69 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 1.92 and a beta of 0.64. TotalEnergies has a fifty-two week low of $58.46 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The company has a 50 day moving average price of $65.47 and a 200 day moving average price of $67.89.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Scotiabank lowered their price objective 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. Finally, Barclays upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Five investment 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’s stock. According to MarketBeat.com, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.75.

Institutional Trading of TotalEnergies

Large investors have recently modified their holdings of the stock. FMR LLC lifted its stake in TotalEnergies by 2.7% in the third 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 last quarter. Capital International Investors raised its stake in TotalEnergies by 2.1% in the first 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 in the last quarter. Raymond James & Associates lifted its holdings in TotalEnergies by 0.6% during the 3rd quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock worth $149,924,000 after buying an additional 13,022 shares during the last quarter. Natixis Advisors LLC boosted its position 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 acquiring an additional 106,347 shares in the last quarter. Finally, Clearbridge Investments LLC increased 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 acquiring an additional 31,123 shares during the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

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.