TotalEnergies (NYSE:TTE) Shares Down 0.9%

TotalEnergies SE (NYSE:TTE)’s stock price traded down 0.9% on Wednesday . The stock traded as low as $72.28 and last traded at $72.33. 467,386 shares were traded during trading, a decline of 72% from the average session volume of 1,685,000 shares. The stock had previously closed at $72.97.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Piper Sandler increased their target price on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Scotiabank increased their target price 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 equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $70.75.

TotalEnergies Price Performance

The stock has a 50-day simple moving average of $68.54 and a 200 day simple moving average of $67.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12. The company has a market cap of $174.03 billion, a P/E ratio of 8.51, a P/E/G ratio of 1.63 and a beta of 0.72.

TotalEnergies (NYSE:TTE) last announced 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 firm had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. During the same quarter in the prior year, the business posted $2.97 EPS. On average, equities analysts expect that TotalEnergies SE will post 9.32 EPS for the current year.

Insiders Place Their Bets

In related news, Director Se Totalenergies bought 196,964 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was acquired at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the acquisition, the director now owns 295,235 shares in the company, valued at approximately $6,749,072.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On TotalEnergies

A number of hedge funds have recently modified their holdings of TTE. Key Financial Inc increased its holdings in TotalEnergies by 139.0% during the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after purchasing an additional 221 shares in the last quarter. Evolution Advisers Inc. acquired a new stake in TotalEnergies during the 4th quarter valued at $29,000. Frazier Financial Advisors LLC acquired a new stake in TotalEnergies during the 4th quarter valued at $30,000. Arlington Trust Co LLC acquired a new stake in TotalEnergies during the 3rd quarter valued at $31,000. Finally, Motco increased its holdings in TotalEnergies by 216.2% during the 3rd quarter. Motco now owns 468 shares of the company’s stock valued at $31,000 after purchasing an additional 320 shares in the last quarter. 13.22% of the stock is owned by institutional investors and hedge funds.

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.