Ashton Thomas Private Wealth LLC Acquires 1,070 Shares of TotalEnergies SE (NYSE:TTE)

Ashton Thomas Private Wealth LLC raised its stake in TotalEnergies SE (NYSE:TTE) by 2.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,891 shares of the company’s stock after acquiring an additional 1,070 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in TotalEnergies were worth $2,677,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Key Financial Inc boosted its position in TotalEnergies by 139.0% in the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after buying an additional 221 shares in the last quarter. Evolution Advisers Inc. acquired a new stake in shares of TotalEnergies during the fourth quarter valued at about $29,000. Frazier Financial Advisors LLC purchased a new position in TotalEnergies during the fourth quarter worth about $30,000. Tower Research Capital LLC TRC bought a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $31,000. Finally, Creekmur Asset Management LLC bought a new position in TotalEnergies in the 4th quarter worth approximately $31,000. 13.22% of the stock is owned by institutional investors.

TotalEnergies Price Performance

Shares of TTE stock traded up $0.59 on Friday, reaching $70.56. The company’s stock had a trading volume of 332,854 shares, compared to its average volume of 1,540,593. TotalEnergies SE has a 12-month low of $54.94 and a 12-month high of $74.97. The stock’s 50 day simple moving average is $70.40 and its 200-day simple moving average is $68.36. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $166.62 billion, a P/E ratio of 7.96, a PEG ratio of 1.75 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Friday, April 26th. The company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.18. The company had revenue of $56.28 billion for the quarter, compared to analysts’ expectations of $59.64 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. As a group, equities analysts predict that TotalEnergies SE will post 9.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TTE shares. Piper Sandler lifted their price target on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Scotiabank upped their price target on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, TotalEnergies presently has an average rating of “Hold” and a consensus target price of $70.75.

TotalEnergies Profile

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.