TotalEnergies (NYSE:TTE) Sees Strong Trading Volume

TotalEnergies SE (NYSE:TTEGet Free Report) saw an uptick in trading volume on Friday . 1,899,674 shares traded hands during mid-day trading, an increase of 22% from the previous session’s volume of 1,554,756 shares.The stock last traded at $65.63 and had previously closed at $67.37.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TTE shares. Piper Sandler boosted their target price on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Scotiabank boosted their price target on TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.75.

Check Out Our Latest Research Report on TTE

TotalEnergies Price Performance

The stock has a 50-day moving average of $71.98 and a two-hundred day moving average of $68.32. The firm has a market cap of $154.70 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 1.74 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 (NYSE:TTEGet Free Report) last posted its earnings results on Friday, April 26th. The company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.96 by $0.18. The business had revenue of $56.28 billion during the quarter, compared to the consensus estimate of $59.64 billion. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. On average, analysts anticipate that TotalEnergies SE will post 9.08 EPS for the current year.

Insider Activity

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

Hedge Funds Weigh In On TotalEnergies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of TotalEnergies by 8.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,015 shares of the company’s stock worth $218,000 after acquiring an additional 228 shares during the period. Pathway Financial Advisers LLC acquired a new stake in shares of TotalEnergies in the 1st quarter valued at $29,000. Boston Partners increased its stake in shares of TotalEnergies by 54.2% in the 1st quarter. Boston Partners now owns 45,459 shares of the company’s stock valued at $3,133,000 after purchasing an additional 15,988 shares during the last quarter. Cetera Advisors LLC raised its holdings in shares of TotalEnergies by 410.4% during the 1st quarter. Cetera Advisors LLC now owns 88,328 shares of the company’s stock worth $6,080,000 after buying an additional 71,023 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in TotalEnergies by 105.0% in the first quarter. Cetera Investment Advisers now owns 215,737 shares of the company’s stock valued at $14,849,000 after buying an additional 110,497 shares in the last quarter. 13.22% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Company Profile

(Get Free Report)

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.

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