Atlas Capital Advisors LLC Purchases Shares of 665 TotalEnergies SE (NYSE:TTE)

Atlas Capital Advisors LLC acquired a new stake in shares of TotalEnergies SE (NYSE:TTE) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 665 shares of the company’s stock, valued at approximately $46,000.

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

TotalEnergies Trading Up 0.5 %

Shares of TTE opened at $66.56 on Friday. The company’s fifty day simple moving average is $70.80 and its 200-day simple moving average is $68.29. The company has a market cap of $156.53 billion, a P/E ratio of 7.51, a P/E/G ratio of 1.65 and a beta of 0.67. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31. TotalEnergies SE has a twelve month low of $54.94 and a twelve month high of $74.97.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TTE. Scotiabank lifted their price objective on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler lifted 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 investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, TotalEnergies presently has an average rating of “Hold” and a consensus price target 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.