TotalEnergies (NYSE:TTE) Trading Up 0.2% on Analyst Upgrade

Shares of TotalEnergies SE (NYSE:TTE - Get Free Report) rose 0.2% 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. Approximately 422,379 shares traded hands during trading, a decline of 75% from the average daily volume of 1,706,929 shares. The stock had previously closed at $71.75.

Separately, Scotiabank boosted their target price on shares of TotalEnergies from $74.00 to $86.00 and gave the company a "sector perform" rating in a research note on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, TotalEnergies has a consensus rating of "Hold" and an average price target of $70.75.

Insiders Place Their Bets

In related news, Director Se Totalenergies acquired 196,964 shares of the business's stock in a transaction dated Thursday, March 28th. The shares were purchased 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 approximately $6,749,072.10. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Hedge Funds Weigh In On TotalEnergies

Several hedge funds and other institutional investors have recently bought and sold shares of the business. InTrack Investment Management Inc increased its holdings in TotalEnergies by 14.8% in the 1st quarter. InTrack Investment Management Inc now owns 11,605 shares of the company's stock worth $799,000 after buying an additional 1,500 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in TotalEnergies by 17.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 42,264 shares of the company's stock worth $2,909,000 after buying an additional 6,194 shares during the period. LVW Advisors LLC boosted its position in TotalEnergies by 13.8% in the 1st quarter. LVW Advisors LLC now owns 20,030 shares of the company's stock worth $1,379,000 after purchasing an additional 2,422 shares in the last quarter. Founders Financial Securities LLC purchased a new stake in TotalEnergies in the 1st quarter worth approximately $743,000. Finally, WoodTrust Financial Corp boosted its position in TotalEnergies by 10.3% in the 1st quarter. WoodTrust Financial Corp now owns 5,350 shares of the company's stock worth $368,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 13.22% of the company's stock.

TotalEnergies Trading Down 1.1 %

The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a 50-day simple moving average of $67.71 and a 200 day simple moving average of $66.78. The firm has a market cap of $166.85 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 1.71 and a beta of 0.72.

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