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

TotalEnergies SE (NYSE:TTE) was up 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 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 lifted 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, According to data from MarketBeat.com, the company 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 bought 196,964 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average price of $22.86 per share, with a total value 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 Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Cerity Partners LLC increased its position in shares of TotalEnergies by 49.9% during the 4th quarter. Cerity Partners LLC now owns 53,019 shares of the company’s stock worth $3,578,000 after purchasing an additional 17,658 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of TotalEnergies by 219.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company’s stock worth $854,000 after purchasing an additional 8,921 shares during the last quarter. Main Street Research LLC acquired a new position in shares of TotalEnergies during the 3rd quarter worth approximately $10,979,000. Mariner LLC increased its position in shares of TotalEnergies by 9.6% during the 3rd quarter. Mariner LLC now owns 95,857 shares of the company’s stock worth $6,304,000 after purchasing an additional 8,400 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of TotalEnergies by 12.3% during 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 period. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Price Performance

The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average price of $67.87 and a 200 day moving average price of $66.83. The company has a market capitalization of $169.44 billion, a P/E ratio of 8.31, a P/E/G ratio of 1.71 and a beta of 0.72.

TotalEnergies (NYSE:TTE) last issued its 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 19.61% and a net margin of 9.19%. The business had revenue of $54.77 billion for the quarter, compared to the consensus estimate of $55.14 billion. During the same quarter in the prior year, the firm posted $2.97 earnings per share. On average, equities analysts predict that TotalEnergies SE will post 9.41 EPS for the current fiscal year.

TotalEnergies Company Profile

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.