Ashton Thomas Private Wealth LLC Grows Holdings in TotalEnergies SE Sponsored ADR $TTE

Ashton Thomas Private Wealth LLC increased its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 6.8% during the 2nd quarter, Holdings Channel reports. The firm owned 47,316 shares of the company’s stock after purchasing an additional 3,021 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in TotalEnergies were worth $2,951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTE. Costello Asset Management INC purchased a new position in TotalEnergies in the first quarter valued at about $32,000. Trust Co. of Toledo NA OH purchased a new position in TotalEnergies in the second quarter valued at about $34,000. SouthState Corp boosted its stake in TotalEnergies by 126.1% in the first quarter. SouthState Corp now owns 572 shares of the company’s stock valued at $37,000 after acquiring an additional 319 shares during the last quarter. Arlington Trust Co LLC purchased a new position in TotalEnergies in the first quarter valued at about $39,000. Finally, Brentview Investment Management LLC purchased a new position in TotalEnergies in the first quarter valued at about $45,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

NYSE TTE opened at $62.45 on Tuesday. The company’s 50 day moving average is $61.29 and its 200-day moving average is $60.56. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $65.76. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The firm has a market cap of $149.74 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 1.50 and a beta of 0.53.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. Piper Sandler reiterated a “neutral” rating and issued a $69.00 target price on shares of TotalEnergies in a research note on Monday, October 20th. Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Finally, Berenberg Bank lowered shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, TotalEnergies presently has a consensus rating of “Moderate Buy” and an average price target of $65.20.

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.