TotalEnergies (NYSE:TTE) Shares Gap Down to $69.65

TotalEnergies SE (NYSE:TTEGet Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $69.65, but opened at $68.21. TotalEnergies shares last traded at $68.16, with a volume of 53,408 shares changing hands.

Analyst Upgrades and Downgrades

TTE has been the topic of several analyst reports. Piper Sandler raised their target price on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Scotiabank raised their target price on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $70.75.

Check Out Our Latest Stock Analysis on TTE

TotalEnergies Trading Up 0.1 %

The company has a market capitalization of $160.96 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 1.74 and a beta of 0.64. The firm has a 50-day moving average price of $70.07 and a 200-day moving average price of $68.40. 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 issued its quarterly earnings results on Friday, April 26th. The company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.18. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. The company had revenue of $56.28 billion for the quarter, compared to analysts’ expectations of $59.64 billion. As a group, sell-side analysts predict that TotalEnergies SE will post 9.16 EPS for the current year.

Institutional Investors Weigh In On TotalEnergies

Several large investors have recently modified their holdings of TTE. Sei Investments Co. boosted its stake in shares of TotalEnergies by 158.2% during the 1st quarter. Sei Investments Co. now owns 928,103 shares of the company’s stock worth $63,881,000 after acquiring an additional 568,672 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of TotalEnergies by 6,549.9% during the 4th quarter. International Assets Investment Management LLC now owns 503,396 shares of the company’s stock worth $33,919,000 after acquiring an additional 495,826 shares in the last quarter. Natixis Advisors L.P. boosted its stake in shares of TotalEnergies by 29.4% during the 4th quarter. Natixis Advisors L.P. now owns 1,988,119 shares of the company’s stock worth $133,959,000 after acquiring an additional 451,597 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of TotalEnergies by 159,211.0% in the first quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock worth $29,935,000 after buying an additional 434,646 shares during the period. Finally, Fisher Asset Management LLC boosted its position in shares of TotalEnergies by 2.0% in the fourth quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock worth $1,427,431,000 after buying an additional 419,487 shares during the period. 13.22% of the stock is owned by institutional investors.

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.

Further Reading

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