TotalEnergies (NYSE:TTE) PT Raised to $86.00

TotalEnergies (NYSE:TTE - Free Report) had its target price raised by Scotiabank from $74.00 to $86.00 in a report published on Thursday, Benzinga reports. The firm currently has a sector perform rating on the stock.

Separately, Piper Sandler lowered their target price on TotalEnergies from $76.00 to $75.00 and set a neutral rating for the company in a research note on Thursday, March 14th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $69.75.

TotalEnergies Stock Down 0.6 %

NYSE TTE traded down $0.42 during trading hours on Thursday, hitting $72.94. The company had a trading volume of 930,486 shares, compared to its average volume of 1,722,656. TotalEnergies has a fifty-two week low of $54.94 and a fifty-two week high of $74.06. The company has a market capitalization of $171.53 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 1.79 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.90. The firm's 50 day moving average is $66.94 and its 200 day moving average is $66.58.

TotalEnergies (NYSE:TTE - Get Free Report) last announced 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 company had revenue of $54.77 billion during the quarter, compared to analyst estimates of $55.14 billion. During the same quarter in the prior year, the company posted $2.97 earnings per share. Sell-side analysts anticipate that TotalEnergies will post 9.22 earnings per share for the current fiscal year.

Insider Activity

In other TotalEnergies news, Director Se Totalenergies bought 196,964 shares of the stock in a transaction dated Thursday, March 28th. The stock was bought at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the purchase, the director now directly owns 295,235 shares of the company's stock, valued at $6,749,072.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On TotalEnergies

Hedge funds have recently bought and sold shares of the company. Portside Wealth Group LLC acquired a new position in TotalEnergies in the second quarter worth about $343,000. Oppenheimer & Co. Inc. grew its stake in TotalEnergies by 219.4% in the third quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company's stock worth $854,000 after purchasing an additional 8,921 shares in the last quarter. Main Street Research LLC acquired a new position in TotalEnergies in the third quarter worth about $10,979,000. Mariner LLC grew its stake in TotalEnergies by 9.6% in the third quarter. Mariner LLC now owns 95,857 shares of the company's stock worth $6,304,000 after purchasing an additional 8,400 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in TotalEnergies in the third quarter worth about $7,354,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.