TotalEnergies (NYSE:TTE) Stock Price Up 0.2% on Analyst Upgrade

Shares of TotalEnergies SE (NYSE:TTE) rose 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. Approximately 422,379 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 1,706,929 shares. The stock had previously closed at $71.75.

Separately, Scotiabank raised their target price on TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TotalEnergies currently has a consensus rating of “Hold” and an average price target of $70.75.

Insider Activity at TotalEnergies

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

Institutional Trading of TotalEnergies

A number of large investors have recently modified their holdings of TTE. Oppenheimer & Co. Inc. grew its stake in TotalEnergies by 219.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company’s stock worth $854,000 after buying an additional 8,921 shares in the last quarter. Main Street Research LLC purchased a new position in shares of TotalEnergies during the 3rd quarter valued at about $10,979,000. Mariner LLC boosted its stake in TotalEnergies by 9.6% in the third quarter. Mariner LLC now owns 95,857 shares of the company’s stock worth $6,304,000 after buying an additional 8,400 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of TotalEnergies by 12.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,385 shares of the company’s stock worth $1,104,000 after acquiring an additional 1,792 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of TotalEnergies during the 3rd quarter valued at $7,354,000. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Price Performance

The firm’s 50 day simple moving average is $67.71 and its two-hundred day simple moving average is $66.78. The firm has a market capitalization of $166.85 billion, a P/E ratio of 8.18, a P/E/G ratio of 1.71 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.90.

TotalEnergies (NYSE:TTE) last issued 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). The company had revenue of $54.77 billion for the quarter, compared to analysts’ expectations of $55.14 billion. TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. During the same quarter in the prior year, the company earned $2.97 earnings per share. As a group, analysts predict that TotalEnergies SE will post 9.41 earnings per share for the current 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.