TotalEnergies SE (NYSE:TTE) Given Consensus Recommendation of “Hold” by Analysts

Shares of TotalEnergies SE (NYSE:TTE) have received an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $70.75.

A number of research analysts recently commented on the company. Scotiabank upped 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. Piper Sandler increased their price objective on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th.

Insider Transactions at TotalEnergies

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

Hedge Funds Weigh In On TotalEnergies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in TotalEnergies by 27.1% during the third quarter. Envestnet Asset Management Inc. now owns 2,765,323 shares of the company’s stock worth $181,848,000 after purchasing an additional 590,372 shares during the period. International Assets Investment Management LLC increased its stake in TotalEnergies by 6,549.9% in the fourth quarter. International Assets Investment Management LLC now owns 503,396 shares of the company’s stock valued at $33,919,000 after acquiring an additional 495,826 shares during the last quarter. Natixis Advisors L.P. raised its position in TotalEnergies by 29.4% during the fourth quarter. Natixis Advisors L.P. now owns 1,988,119 shares of the company’s stock valued at $133,959,000 after purchasing an additional 451,597 shares in the last quarter. HighTower Advisors LLC lifted its stake in TotalEnergies by 207.8% during the third quarter. HighTower Advisors LLC now owns 667,732 shares of the company’s stock worth $43,934,000 after purchasing an additional 450,788 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of TotalEnergies by 159,211.0% in the 1st quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock valued at $29,935,000 after purchasing an additional 434,646 shares in the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Trading Up 0.6 %

Shares of NYSE:TTE opened at $72.03 on Tuesday. TotalEnergies has a 12-month low of $54.94 and a 12-month high of $74.97. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $169.39 billion, a P/E ratio of 8.13, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70. The firm has a fifty day moving average of $69.56 and a two-hundred day moving average of $67.39.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. The business had revenue of $54.77 billion for the quarter, compared to analyst estimates of $55.14 billion. During the same quarter last year, the company earned $2.97 EPS. On average, equities analysts expect that TotalEnergies will post 9.18 EPS for the current fiscal year.

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.