TotalEnergies (NYSE:TTE) PT Raised to $79.00 at Piper Sandler

TotalEnergies (NYSE:TTE) had its price target hoisted by analysts at Piper Sandler from $75.00 to $79.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 9.65% from the company’s current price.

Separately, Scotiabank increased 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, 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 target price of $70.75.

TotalEnergies Trading Up 1.7 %

Shares of TTE stock opened at $72.05 on Thursday. TotalEnergies has a fifty-two week low of $54.94 and a fifty-two week high of $74.06. The company has a 50 day moving average price of $67.87 and a 200 day moving average price of $66.83. The stock has a market capitalization of $169.44 billion, a P/E ratio of 8.31, a price-to-earnings-growth ratio of 1.71 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12.

TotalEnergies (NYSE:TTE) last posted its quarterly 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). The business had revenue of $54.77 billion during 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 quarter last year, the firm earned $2.97 EPS. Equities research analysts predict that TotalEnergies will post 9.41 EPS for the current fiscal year.

Insider Transactions at TotalEnergies

In other TotalEnergies 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 purchased at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the acquisition, the director now directly owns 295,235 shares of the company’s stock, valued at approximately $6,749,072.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge Funds Weigh In On TotalEnergies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Key Financial Inc boosted its holdings in shares of TotalEnergies by 139.0% in 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 in the last quarter. Evolution Advisers Inc. purchased a new stake in TotalEnergies in the fourth quarter valued at $29,000. Frazier Financial Advisors LLC acquired a new position in TotalEnergies in the fourth quarter valued at $30,000. Tower Research Capital LLC TRC purchased a new position in shares of TotalEnergies during the fourth quarter worth about $31,000. Finally, Creekmur Asset Management LLC acquired a new stake in shares of TotalEnergies during the fourth quarter worth about $31,000. 13.22% of the stock is owned by institutional investors and hedge funds.

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.