TotalEnergies SE (NYSE:TTE) Short Interest Update

TotalEnergies SE (NYSE:TTE - Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 5,590,000 shares, a decrease of 14.9% from the April 30th total of 6,570,000 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 1,730,000 shares, the days-to-cover ratio is presently 3.2 days.

TotalEnergies Trading Up 0.2%

Shares of NYSE TTE traded up $0.13 during mid-day trading on Thursday, hitting $59.18. The company's stock had a trading volume of 2,036,607 shares, compared to its average volume of 1,638,238. The company's fifty day simple moving average is $58.50 and its 200-day simple moving average is $58.77. The stock has a market cap of $141.89 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. TotalEnergies has a one year low of $52.78 and a one year high of $71.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). The business had revenue of $47.90 billion for the quarter, compared to the consensus estimate of $41.23 billion. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. During the same quarter in the prior year, the firm posted $2.14 earnings per share. On average, sell-side analysts anticipate that TotalEnergies will post 8.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Financial Management Professionals Inc. lifted its position in TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after acquiring an additional 192 shares during the last quarter. Inlight Wealth Management LLC bought a new stake in TotalEnergies during the first quarter worth $32,000. Costello Asset Management INC acquired a new stake in TotalEnergies in the first quarter valued at about $32,000. Asset Planning Inc bought a new stake in shares of TotalEnergies during the 4th quarter valued at approximately $31,000. Finally, SouthState Corp lifted its stake in shares of TotalEnergies by 126.1% in the 1st quarter. SouthState Corp now owns 572 shares of the company's stock valued at $37,000 after acquiring an additional 319 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TTE. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Scotiabank decreased their target price on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Finally, HSBC restated a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $69.36.

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.