InTrack Investment Management Inc Boosts Stock Holdings in TotalEnergies SE (NYSE:TTE)

InTrack Investment Management Inc grew its stake in shares of TotalEnergies SE (NYSE:TTE) by 14.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,605 shares of the company’s stock after buying an additional 1,500 shares during the period. InTrack Investment Management Inc’s holdings in TotalEnergies were worth $799,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TTE. Key Financial Inc increased its stake in TotalEnergies by 139.0% during the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after acquiring an additional 221 shares during the last quarter. Evolution Advisers Inc. acquired a new stake in TotalEnergies during the 4th quarter worth approximately $29,000. Frazier Financial Advisors LLC purchased a new position in TotalEnergies in the fourth quarter valued at approximately $30,000. Tower Research Capital LLC TRC acquired a new position in TotalEnergies during the fourth quarter valued at approximately $31,000. Finally, Creekmur Asset Management LLC purchased a new stake in TotalEnergies during the fourth quarter worth approximately $31,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Scotiabank raised their target price on shares of TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler raised their price objective on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $70.75.

TotalEnergies Stock Up 0.1 %

Shares of NYSE TTE traded up $0.04 during trading on Tuesday, reaching $68.65. 807,422 shares of the stock were exchanged, compared to its average volume of 1,554,129. The business’s 50-day moving average price is $70.62 and its 200 day moving average price is $68.32. The company has a market capitalization of $162.11 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 1.66 and a beta of 0.64. TotalEnergies SE has a twelve month low of $54.94 and a twelve month 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.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Friday, April 26th. The company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.18. The firm had revenue of $56.28 billion for the quarter, compared to analyst estimates of $59.64 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. As a group, equities analysts forecast that TotalEnergies SE will post 9.16 EPS for the current fiscal year.

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.