TotalEnergies (NYSE:TTE – Get Free Report) had its target price lifted by equities research analysts at Piper Sandler from $75.00 to $79.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 9.83% from the company’s current price.
Separately, Scotiabank upped their target price on TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $70.75.
Get Our Latest Analysis on TTE
TotalEnergies Stock Up 0.3 %
TotalEnergies (NYSE:TTE – Get Free Report) last released its 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 firm had revenue of $54.77 billion during the quarter, compared to analyst estimates of $55.14 billion. During the same period in the previous year, the company earned $2.97 earnings per share. On average, analysts forecast that TotalEnergies will post 9.41 EPS for the current year.
Insider Activity
In other TotalEnergies news, Director Se Totalenergies bought 196,964 shares of TotalEnergies stock in a transaction dated Thursday, March 28th. The stock was acquired at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the transaction, the director now directly owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Institutional Trading of TotalEnergies
A number of hedge funds have recently bought and sold shares of TTE. Acadian Asset Management LLC acquired a new stake in shares of TotalEnergies in the first quarter valued at approximately $98,000. Panagora Asset Management Inc. purchased a new stake in TotalEnergies in the 1st quarter valued at $339,000. BlackRock Inc. increased its stake in shares of TotalEnergies by 6.8% in the 1st quarter. BlackRock Inc. now owns 809,130 shares of the company’s stock worth $40,893,000 after acquiring an additional 51,468 shares during the last quarter. Sei Investments Co. raised its holdings in shares of TotalEnergies by 2.8% during the 1st quarter. Sei Investments Co. now owns 438,146 shares of the company’s stock worth $22,140,000 after acquiring an additional 11,884 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of TotalEnergies by 18.3% during the 1st quarter. Cetera Investment Advisers now owns 70,526 shares of the company’s stock valued at $3,564,000 after acquiring an additional 10,931 shares during the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.
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.
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