Townsend & Associates Inc Boosts Stake in TotalEnergies SE (NYSE:TTE)

Townsend & Associates Inc boosted its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 58.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 219,759 shares of the company's stock after buying an additional 80,681 shares during the period. TotalEnergies makes up 1.8% of Townsend & Associates Inc's portfolio, making the stock its 22nd largest holding. Townsend & Associates Inc's holdings in TotalEnergies were worth $14,117,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Key Financial Inc raised its stake in TotalEnergies by 139.0% in the 4th quarter. Key Financial Inc now owns 380 shares of the company's stock worth $26,000 after purchasing an additional 221 shares in the last quarter. Evolution Advisers Inc. acquired a new stake in TotalEnergies during the fourth quarter worth approximately $29,000. Motco increased its stake in TotalEnergies by 216.2% during the 3rd quarter. Motco now owns 468 shares of the company's stock worth $31,000 after acquiring an additional 320 shares during the period. NewSquare Capital LLC acquired a new position in TotalEnergies in the 4th quarter valued at $35,000. Finally, SRS Capital Advisors Inc. acquired a new position in TotalEnergies in the 3rd quarter valued at $36,000. 13.22% of the stock is owned by institutional investors.

TotalEnergies Price Performance

Shares of TTE stock traded up $1.57 on Thursday, reaching $73.72. The company had a trading volume of 1,009,616 shares, compared to its average volume of 1,641,534. The business's 50-day moving average is $70.03 and its 200 day moving average is $67.50. TotalEnergies SE has a one year low of $54.94 and a one year high of $74.97. 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 stock has a market capitalization of $173.37 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing analysts' consensus estimates of $2.43 by ($0.27). The company had revenue of $54.77 billion during the quarter, compared to analyst estimates of $55.14 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. During the same quarter in the prior year, the business earned $2.97 EPS. Equities research analysts forecast that TotalEnergies SE will post 9.18 EPS for the current fiscal year.

Insider Activity

In other news, Director Se Totalenergies purchased 196,964 shares of the business's stock in a transaction dated Thursday, March 28th. The shares were purchased at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the purchase, the director now owns 295,235 shares of the company's stock, valued at approximately $6,749,072.10. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on TotalEnergies from $75.00 to $79.00 and gave the stock a "neutral" rating in a research report on Thursday, April 18th. Scotiabank increased their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the stock 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 data from MarketBeat, the company currently 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.