TotalEnergies (NYSE:TTE) Trading Down 0%

TotalEnergies SE (NYSE:TTE)’s share price was down 0% during mid-day trading on Thursday . The stock traded as low as $72.25 and last traded at $72.72. Approximately 347,229 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 1,676,299 shares. The stock had previously closed at $72.74.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TTE shares. Piper Sandler increased their price objective on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Scotiabank raised their target price on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $70.75.

TotalEnergies Stock Up 1.2 %

The business’s 50 day simple moving average is $68.74 and its 200-day simple moving average is $67.16. The company has a market cap of $175.48 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 1.66 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). The company had revenue of $54.77 billion for the quarter, compared to analyst estimates of $55.14 billion. TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. During the same period last year, the business earned $2.97 EPS. Sell-side analysts expect that TotalEnergies SE will post 9.32 earnings per share for the current year.

Insider Activity

In other TotalEnergies news, Director Se Totalenergies purchased 196,964 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were acquired at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the acquisition, the director now owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fisher Asset Management LLC raised its holdings in shares of TotalEnergies by 2.0% during the 4th quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock valued at $1,427,431,000 after purchasing an additional 419,487 shares in the last quarter. FMR LLC raised its holdings in TotalEnergies by 0.4% in the 3rd quarter. FMR LLC now owns 12,364,753 shares of the company’s stock worth $813,106,000 after acquiring an additional 52,562 shares during the period. Wells Fargo & Company MN raised its holdings in TotalEnergies by 1.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,920,067 shares of the company’s stock worth $466,274,000 after acquiring an additional 70,394 shares during the period. Capital International Investors raised its holdings in TotalEnergies by 1.8% in the 4th quarter. Capital International Investors now owns 4,758,038 shares of the company’s stock worth $318,408,000 after acquiring an additional 85,969 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in TotalEnergies by 3.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,648,282 shares of the company’s stock worth $241,480,000 after acquiring an additional 129,960 shares during the period. Institutional investors own 13.22% of the company’s stock.

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.