TotalEnergies Sees Unusually High Options Volume (NYSE:TTE)

TotalEnergies SE (NYSE:TTE) saw unusually large options trading activity on Thursday. Traders purchased 5,225 call options on the company. This is an increase of 155% compared to the average daily volume of 2,048 call options.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Piper Sandler decreased their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, TotalEnergies has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Down 1.4 %

Shares of TotalEnergies stock opened at $64.27 on Friday. The company’s 50 day moving average price is $60.96 and its 200-day moving average price is $61.13. TotalEnergies has a 52-week low of $53.29 and a 52-week high of $74.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market capitalization of $154.11 billion, a price-to-earnings ratio of 9.65, a P/E/G ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Equities research analysts forecast that TotalEnergies will post 8.02 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans bought a new position in shares of TotalEnergies during the third quarter valued at approximately $212,000. Massachusetts Financial Services Co. MA raised its holdings in TotalEnergies by 4.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 133,647 shares of the company’s stock worth $8,636,000 after purchasing an additional 5,481 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in TotalEnergies by 26.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,638 shares of the company’s stock worth $8,830,000 after purchasing an additional 28,857 shares in the last quarter. Cerity Partners LLC lifted its position in shares of TotalEnergies by 30.8% in the 3rd quarter. Cerity Partners LLC now owns 167,345 shares of the company’s stock worth $10,814,000 after purchasing an additional 39,400 shares during the period. Finally, Kingsview Wealth Management LLC boosted its stake in shares of TotalEnergies by 5.4% during the 3rd quarter. Kingsview Wealth Management LLC now owns 14,011 shares of the company’s stock valued at $905,000 after purchasing an additional 724 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

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.