TotalEnergies (NYSE:TTE) Trading 0.2% Higher After Analyst Upgrade

TotalEnergies SE (NYSE:TTE) was up 0.2% on Thursday after Piper Sandler raised their price target on the stock from $75.00 to $79.00. Piper Sandler currently has a neutral rating on the stock. TotalEnergies traded as high as $71.97 and last traded at $71.87. Approximately 422,379 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 1,706,929 shares. The stock had previously closed at $71.75.

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

Insider Buying and Selling

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

Institutional Investors Weigh In On TotalEnergies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new position in TotalEnergies during the first quarter valued at approximately $98,000. Panagora Asset Management Inc. bought a new stake in shares of TotalEnergies during the first quarter worth $339,000. BlackRock Inc. grew its stake in shares of TotalEnergies by 6.8% during the first quarter. BlackRock Inc. now owns 809,130 shares of the company’s stock worth $40,893,000 after buying an additional 51,468 shares during the last quarter. Sei Investments Co. grew its stake in shares of TotalEnergies by 2.8% during the first quarter. Sei Investments Co. now owns 438,146 shares of the company’s stock worth $22,140,000 after buying an additional 11,884 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of TotalEnergies by 18.3% during the first quarter. Cetera Investment Advisers now owns 70,526 shares of the company’s stock worth $3,564,000 after buying an additional 10,931 shares during the last quarter. 13.22% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Trading Up 0.3 %

The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The company has a market cap of $169.16 billion, a P/E ratio of 8.29, a PEG ratio of 1.71 and a beta of 0.72. The firm’s 50 day moving average is $67.58 and its two-hundred day moving average is $66.75.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. The business had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. During the same period in the prior year, the firm earned $2.97 EPS. As a group, equities research analysts anticipate that TotalEnergies SE will post 9.41 EPS for the current 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.