TotalEnergies SE (NYSE:TTE) Sees Significant Decrease in Short Interest

TotalEnergies SE (NYSE:TTEGet Rating) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 2,620,000 shares, a decline of 34.7% from the March 15th total of 4,010,000 shares. Based on an average daily trading volume, of 3,140,000 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the company’s stock are short sold.

Several analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on TotalEnergies from €58.00 ($63.04) to €60.00 ($65.22) in a report on Friday, January 14th. Piper Sandler restated a “neutral” rating and issued a $64.00 price objective (down from $72.00) on shares of TotalEnergies in a research report on Thursday, April 7th. HSBC cut TotalEnergies from a “buy” rating to a “hold” rating in a research note on Monday, March 21st. Deutsche Bank Aktiengesellschaft cut TotalEnergies from a “buy” rating to a “hold” rating in a research note on Wednesday, March 23rd. Finally, Royal Bank of Canada cut TotalEnergies from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $52.00 to $55.00 in a research note on Friday, February 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, TotalEnergies currently has an average rating of “Hold” and a consensus target price of $61.86.

Shares of TTE opened at $50.90 on Friday. TotalEnergies has a 12 month low of $40.33 and a 12 month high of $60.03. The stock has a fifty day moving average price of $52.50 and a 200-day moving average price of $51.78. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.43. The firm has a market cap of $132.68 billion, a PE ratio of 8.61, a P/E/G ratio of 0.74 and a beta of 0.85.

TotalEnergies (NYSE:TTEGet Rating) last issued its quarterly earnings data on Thursday, February 10th. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.06 by $0.49. TotalEnergies had a return on equity of 16.04% and a net margin of 7.98%. The firm had revenue of $55.30 billion during the quarter. As a group, research analysts forecast that TotalEnergies will post 10.52 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 12th. Stockholders of record on Monday, March 21st were issued a dividend of $0.544 per share. The ex-dividend date was Friday, March 18th. This represents a $2.18 annualized dividend and a dividend yield of 4.28%. TotalEnergies’s dividend payout ratio is presently 36.21%.

Institutional investors and hedge funds have recently modified their holdings of the company. Front Row Advisors LLC purchased a new position in TotalEnergies in the 4th quarter worth $25,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in TotalEnergies during the 4th quarter worth about $26,000. EverSource Wealth Advisors LLC acquired a new stake in TotalEnergies during the 4th quarter worth about $27,000. Core Alternative Capital acquired a new stake in TotalEnergies during the 4th quarter worth about $27,000. Finally, Carolinas Wealth Consulting LLC acquired a new stake in shares of TotalEnergies during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 11.91% of the company’s stock.

TotalEnergies Company Profile (Get Rating)

TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Exploration & Production; Integrated Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. The company's Exploration & Production segment is involved in oil and natural gas exploration and production activities in approximately 50 countries.

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