TotalEnergies SE (NYSE:TTE) Stake Boosted by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC boosted its stake in shares of TotalEnergies SE (NYSE:TTE) by 2.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,356 shares of the company’s stock after purchasing an additional 1,237 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in TotalEnergies were worth $2,802,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. grew its holdings in TotalEnergies by 4.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 28,471 shares of the company’s stock worth $1,960,000 after buying an additional 1,123 shares in the last quarter. William Blair Investment Management LLC raised its holdings in TotalEnergies by 2.4% during the first quarter. William Blair Investment Management LLC now owns 28,444 shares of the company’s stock worth $1,958,000 after purchasing an additional 679 shares in the last quarter. Renasant Bank lifted its position in TotalEnergies by 6.6% in the first quarter. Renasant Bank now owns 12,017 shares of the company’s stock worth $827,000 after purchasing an additional 741 shares during the period. Blair William & Co. IL boosted its stake in TotalEnergies by 3.7% during the 1st quarter. Blair William & Co. IL now owns 71,219 shares of the company’s stock valued at $4,902,000 after purchasing an additional 2,509 shares in the last quarter. Finally, Leo Wealth LLC acquired a new position in shares of TotalEnergies during the 1st quarter valued at $1,156,000. 13.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TTE. Barclays raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Wolfe Research started coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target on the stock. 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 note on Thursday, October 10th. Finally, UBS Group raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Five investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.75.

TotalEnergies Stock Down 2.5 %

Shares of NYSE TTE opened at $59.57 on Wednesday. The firm’s 50-day simple moving average is $65.84 and its 200 day simple moving average is $68.10. The company has a market cap of $140.67 billion, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 1.96 and a beta of 0.64. TotalEnergies SE has a 12-month low of $58.81 and a 12-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.

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.