TotalEnergies (NYSE:TTE) PT Raised to $79.00

TotalEnergies (NYSE:TTE - Get Free Report) had its price target upped by equities researchers at Piper Sandler from $75.00 to $79.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Piper Sandler's price target would indicate a potential upside of 11.35% from the stock's previous close.

Separately, Scotiabank boosted their price target 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, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $70.75.

TotalEnergies Price Performance

Shares of TotalEnergies stock traded down $0.80 during trading hours on Thursday, hitting $70.95. The company's stock had a trading volume of 2,048,682 shares, compared to its average volume of 1,729,246. TotalEnergies has a 12-month low of $54.94 and a 12-month high of $74.06. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12. The business has a 50 day moving average price of $67.71 and a two-hundred day moving average price of $66.78. The company has a market cap of $166.85 billion, a PE ratio of 8.18, a PEG ratio of 1.71 and a beta of 0.72.

TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing analysts' consensus estimates of $2.43 by ($0.27). The business had revenue of $54.77 billion for the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. During the same period in the prior year, the company posted $2.97 EPS. Analysts expect that TotalEnergies will post 9.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Se Totalenergies bought 196,964 shares of the stock in a transaction on Thursday, March 28th. The stock was bought at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the acquisition, the director now directly owns 295,235 shares in the company, valued at $6,749,072.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On TotalEnergies

A number of large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its position in shares of TotalEnergies by 17.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 42,264 shares of the company's stock worth $2,909,000 after purchasing an additional 6,194 shares in the last quarter. LVW Advisors LLC increased its position in shares of TotalEnergies by 13.8% in the 1st quarter. LVW Advisors LLC now owns 20,030 shares of the company's stock valued at $1,379,000 after acquiring an additional 2,422 shares during the period. Founders Financial Securities LLC acquired a new position in shares of TotalEnergies in the 1st quarter valued at $743,000. WoodTrust Financial Corp increased its position in shares of TotalEnergies by 10.3% in the 1st quarter. WoodTrust Financial Corp now owns 5,350 shares of the company's stock valued at $368,000 after acquiring an additional 500 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of TotalEnergies by 93.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 10,303 shares of the company's stock valued at $709,000 after acquiring an additional 4,979 shares during the period. 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.