Analysts Set TotalEnergies SE (NYSE:TTE) Target Price at $69.75

Shares of TotalEnergies SE (NYSE:TTEGet Free Report) have received an average rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $69.75.

A number of research firms have recently issued reports on TTE. Piper Sandler dropped their price target on TotalEnergies from $76.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Scotiabank upped their price target on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday.

Check Out Our Latest Research Report on TTE

TotalEnergies Stock Performance

Shares of TTE opened at $72.49 on Friday. The stock has a 50-day moving average of $67.10 and a two-hundred day moving average of $66.63. TotalEnergies has a one year low of $54.94 and a one year high of $74.06. 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 stock has a market cap of $170.48 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.76 and a beta of 0.72.

TotalEnergies (NYSE:TTEGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). The firm had revenue of $54.77 billion for the quarter, compared to analyst estimates of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same period in the prior year, the firm posted $2.97 EPS. As a group, research analysts predict that TotalEnergies will post 9.22 EPS for the current year.

Insider Activity at TotalEnergies

In related news, Director Se Totalenergies purchased 196,964 shares of TotalEnergies stock in a transaction dated Thursday, March 28th. The stock was bought at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the transaction, the director now owns 295,235 shares in the company, valued at $6,749,072.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Trading of TotalEnergies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Key Financial Inc grew its stake in shares of TotalEnergies by 139.0% during the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after buying an additional 221 shares during the period. Evolution Advisers Inc. acquired a new position in shares of TotalEnergies during the 4th quarter valued at $29,000. Frazier Financial Advisors LLC acquired a new position in shares of TotalEnergies during the 4th quarter valued at $30,000. Arlington Trust Co LLC acquired a new position in shares of TotalEnergies during the 3rd quarter valued at $31,000. Finally, Motco lifted its holdings in shares of TotalEnergies by 216.2% during the 3rd quarter. Motco now owns 468 shares of the company’s stock valued at $31,000 after acquiring an additional 320 shares in the last quarter. 13.22% of the stock is owned by hedge funds and other 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.

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Analyst Recommendations for TotalEnergies (NYSE:TTE)

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