Ashton Thomas Private Wealth LLC Grows Position in TotalEnergies SE (NYSE:TTE)

Ashton Thomas Private Wealth LLC raised its stake in TotalEnergies SE (NYSE:TTE) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,356 shares of the company’s stock after acquiring 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 quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TTE. Larson Financial Group LLC boosted its stake in shares of TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares during the last quarter. Pathway Financial Advisers LLC purchased a new stake in TotalEnergies in the 1st quarter valued at about $29,000. Boit C F David acquired a new position in shares of TotalEnergies during the 3rd quarter valued at about $32,000. Maryland Capital Advisors Inc. acquired a new stake in shares of TotalEnergies in the third quarter worth approximately $32,000. Finally, Eastern Bank purchased a new stake in TotalEnergies in the third quarter valued at approximately $32,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $59.57 on Wednesday. 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 firm has a market cap of $140.67 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 1.96 and a beta of 0.64. TotalEnergies SE has a 1 year low of $58.81 and a 1 year high of $74.97. The firm’s 50-day simple moving average is $65.84 and its 200-day simple moving average is $68.10.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TTE. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Scotiabank dropped their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Wolfe Research initiated coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective for the company. Finally, UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.75.

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.