TotalEnergies SE (NYSE:TTE) Sees Large Growth in Short Interest

TotalEnergies SE (NYSE:TTE – Get Rating) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 3,930,000 shares, a growth of 50.0% from the March 31st total of 2,620,000 shares. Based on an average daily volume of 3,190,000 shares, the short-interest ratio is currently 1.2 days. Approximately 0.2% of the company’s shares are short sold.

TTE has been the subject of a number of research analyst reports. HSBC upgraded TotalEnergies from a “hold” rating to a “buy” rating in a report on Thursday, April 21st. Royal Bank of Canada downgraded TotalEnergies from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $52.00 to $55.00 in a research note on Friday, February 25th. Piper Sandler reaffirmed a “neutral” rating and set a $64.00 target price (down previously from $72.00) on shares of TotalEnergies in a research note on Thursday, April 7th. UBS Group raised their price target on shares of TotalEnergies from €57.00 ($61.29) to €59.00 ($63.44) and gave the stock a “buy” rating in a report on Friday. Finally, Jefferies Financial Group downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, TotalEnergies has an average rating of “Hold” and an average price target of $61.00.

Shares of TTE traded down $0.95 during mid-day trading on Friday, hitting $48.71. 4,200,500 shares of the company’s stock were exchanged, compared to its average volume of 2,827,081. The firm has a fifty day moving average of $50.74 and a two-hundred day moving average of $51.81. TotalEnergies has a twelve month low of $40.33 and a twelve month high of $60.03. The stock has a market cap of $126.97 billion, a price-to-earnings ratio of 7.46, a P/E/G ratio of 0.73 and a beta of 0.85. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.43.

TotalEnergies (NYSE:TTE – Get Rating) last announced its quarterly earnings results on Thursday, February 10th. The company reported $2.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.49. TotalEnergies had a net margin of 7.86% and a return on equity of 21.28%. The company had revenue of $55.30 billion for the quarter. On average, equities analysts predict that TotalEnergies will post 10.69 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 12th. Stockholders of record on Monday, March 21st were paid a dividend of $0.544 per share. The ex-dividend date of this dividend was Friday, March 18th. This represents a $2.18 annualized dividend and a dividend yield of 4.47%. TotalEnergies’s dividend payout ratio (DPR) is 32.77%.

Several institutional investors and hedge funds have recently made changes to their positions in TTE. Fisher Asset Management LLC acquired a new position in TotalEnergies in the 4th quarter valued at $1,234,997,000. Bank of America Corp DE acquired a new position in TotalEnergies in the 4th quarter valued at $314,133,000. Wells Fargo & Company MN acquired a new position in TotalEnergies in the 4th quarter valued at $282,309,000. American Century Companies Inc. acquired a new position in TotalEnergies in the 4th quarter valued at $167,974,000. Finally, Parametric Portfolio Associates LLC acquired a new position in TotalEnergies in the 4th quarter valued at $115,239,000. 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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