TotalEnergies Sees Unusually Large Options Volume (NYSE:TTE)

TotalEnergies SE (NYSE:TTE) was the recipient of unusually large options trading on Tuesday. Stock investors bought 8,795 call options on the company. This is an increase of 520% compared to the average volume of 1,419 call options.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of recent research reports. TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Scotiabank decreased their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Piper Sandler reduced their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Finally, Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $74.50.

Hedge Funds Weigh In On TotalEnergies

Institutional investors and hedge funds have recently bought and sold shares of the stock. FSA Wealth Management LLC bought a new position in shares of TotalEnergies in the third quarter worth approximately $26,000. Larson Financial Group LLC boosted its holdings in TotalEnergies by 100.5% in the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after buying an additional 212 shares during the period. Continuum Advisory LLC boosted its holdings in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the period. Boit C F David purchased a new stake in TotalEnergies in the 3rd quarter worth $32,000. Finally, Maryland Capital Advisors Inc. bought a new stake in TotalEnergies during the third quarter valued at about $32,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

Shares of TotalEnergies stock traded up $0.16 during trading hours on Tuesday, reaching $54.42. 599,449 shares of the stock traded hands, compared to its average volume of 1,558,425. TotalEnergies has a one year low of $53.29 and a one year high of $74.97. The firm has a market capitalization of $128.51 billion, a price-to-earnings ratio of 7.72, a P/E/G ratio of 1.93 and a beta of 0.61. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average price of $59.94 and a 200 day moving average price of $65.09.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be paid a $0.8308 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is 34.75%.

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.