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

TotalEnergies SE (NYSE:TTE)’s share price traded 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. 422,379 shares were traded during mid-day trading, a decline of 75% from the average session volume of 1,706,929 shares. The stock had previously closed at $71.75.

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

Insider Transactions at TotalEnergies

In other news, Director Se Totalenergies bought 196,964 shares of TotalEnergies 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 completion of the purchase, the director now directly owns 295,235 shares in the company, valued at $6,749,072.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. PDS Planning Inc boosted its position in TotalEnergies by 2.3% during the fourth quarter. PDS Planning Inc now owns 6,839 shares of the company’s stock valued at $461,000 after buying an additional 156 shares during the period. IFP Advisors Inc boosted its position in TotalEnergies by 10.2% during the third quarter. IFP Advisors Inc now owns 1,695 shares of the company’s stock valued at $111,000 after buying an additional 157 shares during the period. Geneos Wealth Management Inc. boosted its position in TotalEnergies by 3.0% during the third quarter. Geneos Wealth Management Inc. now owns 5,619 shares of the company’s stock valued at $370,000 after buying an additional 165 shares during the period. Garland Capital Management Inc. boosted its position in TotalEnergies by 0.3% during the third quarter. Garland Capital Management Inc. now owns 62,402 shares of the company’s stock valued at $4,104,000 after buying an additional 165 shares during the period. Finally, Lantz Financial LLC boosted its position in TotalEnergies by 1.3% during the third quarter. Lantz Financial LLC now owns 12,515 shares of the company’s stock valued at $823,000 after buying an additional 166 shares during the period. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Trading Up 1.7 %

The firm’s 50-day simple moving average is $67.87 and its 200-day simple moving average is $66.83. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $169.44 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 1.71 and a beta of 0.72.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. The business had revenue of $54.77 billion for the quarter, compared to analysts’ expectations of $55.14 billion. During the same quarter in the previous year, the company earned $2.97 earnings per share. Equities analysts expect that TotalEnergies SE will post 9.41 earnings per share for the current 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.