Piper Sandler Boosts TotalEnergies (NYSE:TTE) Price Target to $79.00

TotalEnergies (NYSE:TTE) had its target price upped by stock analysts at Piper Sandler from $75.00 to $79.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price target indicates a potential upside of 9.83% from the company’s previous close.

Separately, Scotiabank raised their price objective on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, TotalEnergies has an average rating of “Hold” and a consensus target price of $70.75.

TotalEnergies Price Performance

Shares of NYSE TTE traded up $0.18 during trading on Thursday, hitting $71.93. 253,459 shares of the company were exchanged, compared to its average volume of 1,703,333. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.90. TotalEnergies has a 1 year low of $54.94 and a 1 year high of $74.06. The company has a market cap of $169.16 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 1.71 and a beta of 0.72. The firm’s fifty day moving average price is $67.58 and its 200 day moving average price is $66.75.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. The company had revenue of $54.77 billion for the quarter, compared to analysts’ expectations of $55.14 billion. During the same period in the prior year, the firm posted $2.97 EPS. On average, sell-side analysts expect that TotalEnergies will post 9.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TotalEnergies news, Director Se Totalenergies purchased 196,964 shares of the stock in a transaction dated Thursday, March 28th. The shares were acquired at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the transaction, the director now directly owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The purchase was disclosed in a filing with the SEC, which is available at this link.

Institutional Investors Weigh In On TotalEnergies

Large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in shares of TotalEnergies in the first quarter worth $98,000. Panagora Asset Management Inc. purchased a new stake in TotalEnergies during the 1st quarter worth about $339,000. BlackRock Inc. raised its stake in TotalEnergies by 6.8% in the 1st quarter. BlackRock Inc. now owns 809,130 shares of the company’s stock valued at $40,893,000 after purchasing an additional 51,468 shares during the last quarter. Sei Investments Co. lifted its holdings in TotalEnergies by 2.8% in the 1st quarter. Sei Investments Co. now owns 438,146 shares of the company’s stock valued at $22,140,000 after purchasing an additional 11,884 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of TotalEnergies by 18.3% during the 1st quarter. Cetera Investment Advisers now owns 70,526 shares of the company’s stock worth $3,564,000 after purchasing an additional 10,931 shares during the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

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.