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

TotalEnergies SE (NYSE:TTE)’s share price shot up 0.2% during trading 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. 422,379 shares were traded during mid-day trading, a decline of 75% from the average session volume of 1,706,929 shares. The stock had previously closed at $71.75.

Separately, Scotiabank increased 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, According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $70.75.

Insider Transactions at TotalEnergies

In other TotalEnergies news, Director Se Totalenergies bought 196,964 shares of TotalEnergies stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the acquisition, the director now directly owns 295,235 shares in the company, valued at approximately $6,749,072.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge Funds Weigh In On TotalEnergies

Several large investors have recently made changes to their positions in TTE. Acadian Asset Management LLC acquired a new position in shares of TotalEnergies during the 1st quarter worth about $98,000. Panagora Asset Management Inc. acquired a new position in TotalEnergies in the first quarter valued at approximately $339,000. BlackRock Inc. lifted its holdings in TotalEnergies by 6.8% in the first quarter. BlackRock Inc. now owns 809,130 shares of the company’s stock valued at $40,893,000 after acquiring an additional 51,468 shares during the last quarter. Sei Investments Co. grew its position in TotalEnergies by 2.8% in the first quarter. Sei Investments Co. now owns 438,146 shares of the company’s stock worth $22,140,000 after acquiring an additional 11,884 shares during the period. Finally, Cetera Investment Advisers increased its stake in 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 acquiring 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 Down 1.1 %

The company has a 50 day moving average price of $67.71 and a 200 day moving average price of $66.78. 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 firm has a market cap of $166.85 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 1.71 and a beta of 0.72.

TotalEnergies (NYSE:TTE) last announced its earnings results 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 company had revenue of $54.77 billion for the quarter, compared to analysts’ expectations of $55.14 billion. During the same period last year, the business earned $2.97 EPS. On average, research analysts expect that TotalEnergies SE will post 9.41 earnings per share for the current year.

TotalEnergies Company Profile

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.