Atlanta Consulting Group Advisors LLC Invests $880,000 in TotalEnergies SE (NYSE:TTE)

Atlanta Consulting Group Advisors LLC purchased a new stake in TotalEnergies SE (NYSE:TTE - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,611 shares of the company's stock, valued at approximately $880,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. raised its stake in TotalEnergies by 12.4% in the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company's stock worth $85,000 after purchasing an additional 145 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in TotalEnergies by 5.1% during the second quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company's stock worth $227,000 after buying an additional 164 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in TotalEnergies by 0.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company's stock valued at $1,793,000 after buying an additional 165 shares during the period. Lake Street Advisors Group LLC raised its position in shares of TotalEnergies by 2.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company's stock valued at $563,000 after buying an additional 181 shares in the last quarter. Finally, Opal Wealth Advisors LLC lifted its holdings in shares of TotalEnergies by 17.0% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,285 shares of the company's stock worth $86,000 after acquiring an additional 187 shares during the period. 13.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTE has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised shares of TotalEnergies to a "hold" rating in a research note on Thursday, October 3rd. Scotiabank decreased their price target on TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 10th. TD Cowen cut TotalEnergies from a "strong-buy" rating to a "hold" rating in a report on Monday, September 30th. UBS Group upgraded TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 9th. Finally, Barclays raised TotalEnergies to a "strong-buy" rating in a research note on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $78.75.

TotalEnergies Trading Up 0.6 %

Shares of TotalEnergies stock traded up $0.38 during trading on Friday, hitting $60.85. The company's stock had a trading volume of 2,138,451 shares, compared to its average volume of 1,855,667. The stock has a market cap of $143.69 billion, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 1.96 and a beta of 0.64. TotalEnergies SE has a 52 week low of $58.46 and a 52 week high of $74.97. The stock has a 50-day moving average price of $65.47 and a two-hundred day moving average price of $67.83. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88.

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.