TotalEnergies SE (NYSE:TTE) Receives $69.75 Average PT from Brokerages

Shares of TotalEnergies SE (NYSE:TTE) have been assigned a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have covered the stock in the last year is $70.75.

Several equities analysts have recently weighed in on TTE shares. Piper Sandler raised their price target on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday. Scotiabank raised their price objective 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.

TotalEnergies Trading Down 1.1 %

NYSE:TTE opened at $70.95 on Friday. The firm has a market capitalization of $166.85 billion, a P/E ratio of 8.18, a PEG ratio of 1.71 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.90. TotalEnergies has a one year low of $54.94 and a one year high of $74.06. The company’s 50-day simple moving average is $67.71 and its 200 day simple moving average is $66.78.

TotalEnergies (NYSE:TTE) last issued its quarterly 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 company had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same period in the prior year, the firm earned $2.97 earnings per share. As a group, analysts forecast that TotalEnergies will post 9.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Se Totalenergies purchased 196,964 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $6,749,072.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On TotalEnergies

Several large investors have recently made changes to their positions in the business. Portside Wealth Group LLC bought a new stake in TotalEnergies during the 2nd quarter valued at approximately $343,000. Oppenheimer & Co. Inc. raised its position in shares of TotalEnergies by 219.4% during the third quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company’s stock valued at $854,000 after buying an additional 8,921 shares during the last quarter. Main Street Research LLC purchased a new position in shares of TotalEnergies in the third quarter worth $10,979,000. Mariner LLC boosted its position in shares of TotalEnergies by 9.6% during the third quarter. Mariner LLC now owns 95,857 shares of the company’s stock worth $6,304,000 after acquiring an additional 8,400 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in TotalEnergies by 12.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,385 shares of the company’s stock valued at $1,104,000 after acquiring an additional 1,792 shares during the last quarter. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

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.