Townsend & Associates Inc Has $14.12 Million Stake in TotalEnergies SE (NYSE:TTE)

Townsend & Associates Inc increased its stake in TotalEnergies SE (NYSE:TTE) by 58.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 219,759 shares of the company’s stock after purchasing an additional 80,681 shares during the period. TotalEnergies makes up 1.8% of Townsend & Associates Inc’s holdings, making the stock its 22nd largest position. Townsend & Associates Inc’s holdings in TotalEnergies were worth $14,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Key Financial Inc lifted its stake in TotalEnergies by 139.0% in the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after acquiring an additional 221 shares in the last quarter. Evolution Advisers Inc. acquired a new position in TotalEnergies during the fourth quarter worth $29,000. Motco grew its position in TotalEnergies by 216.2% in the third quarter. Motco now owns 468 shares of the company’s stock valued at $31,000 after purchasing an additional 320 shares in the last quarter. NewSquare Capital LLC acquired a new stake in TotalEnergies in the 4th quarter valued at $35,000. Finally, Addison Advisors LLC lifted its position in TotalEnergies by 68.5% during the 4th quarter. Addison Advisors LLC now owns 541 shares of the company’s stock worth $36,000 after buying an additional 220 shares in the last quarter. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Performance

TotalEnergies stock traded up $1.61 during mid-day trading on Thursday, hitting $73.76. 549,592 shares of the company’s stock traded hands, compared to its average volume of 1,636,107. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $74.97. The stock has a market cap of $173.46 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 1.78 and a beta of 0.70. The firm has a 50 day simple moving average of $70.03 and a two-hundred day simple moving average of $67.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.87.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.27). The firm 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 period in the previous year, the company posted $2.97 EPS. On average, research analysts expect that TotalEnergies SE will post 9.18 EPS for the current fiscal year.

Insider Buying and Selling at TotalEnergies

In other TotalEnergies news, Director Se Totalenergies bought 196,964 shares of TotalEnergies stock in a transaction dated Thursday, March 28th. The stock was bought at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the transaction, the director now owns 295,235 shares in the company, valued at approximately $6,749,072.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Analyst Ratings Changes

A number of analysts recently issued reports on TTE shares. Scotiabank lifted their target price on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Piper Sandler boosted 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. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $70.75.

TotalEnergies Company 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.