TotalEnergies SE (NYSE:TTE) Given Average Recommendation of “Hold” by Brokerages

Shares of TotalEnergies SE (NYSE:TTE) have been assigned an average rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating. The average 12-month target price among analysts that have issued a report on the stock in the last year is $69.75.

A number of equities research analysts have recently issued reports on the stock. Scotiabank boosted their price objective on shares of TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Piper Sandler lowered their price objective on TotalEnergies from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th.

Insider Activity

In other TotalEnergies 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 purchase, the director now directly owns 295,235 shares of the company’s stock, valued at approximately $6,749,072.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Institutional Trading of TotalEnergies

Hedge funds have recently bought and sold shares of the stock. 180 Wealth Advisors LLC increased its holdings in shares of TotalEnergies by 5.0% in the first quarter. 180 Wealth Advisors LLC now owns 5,478 shares of the company’s stock worth $377,000 after purchasing an additional 262 shares during the last quarter. Procyon Advisors LLC grew its holdings in TotalEnergies by 27.3% during the 1st quarter. Procyon Advisors LLC now owns 17,184 shares of the company’s stock valued at $1,183,000 after buying an additional 3,685 shares in the last quarter. Cardinal Capital Management increased its stake in TotalEnergies by 6.7% in the 1st quarter. Cardinal Capital Management now owns 43,525 shares of the company’s stock worth $3,028,000 after acquiring an additional 2,724 shares during the last quarter. Signet Financial Management LLC raised its holdings in shares of TotalEnergies by 1.3% during the 1st quarter. Signet Financial Management LLC now owns 44,475 shares of the company’s stock worth $3,061,000 after acquiring an additional 569 shares in the last quarter. Finally, Atlas Capital Advisors LLC bought a new position in shares of TotalEnergies during the 1st quarter valued at approximately $46,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Down 0.6 %

TTE stock opened at $71.74 on Friday. The company has a market cap of $168.71 billion, a price-to-earnings ratio of 8.27, a P/E/G ratio of 1.76 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. The business’s 50-day moving average is $67.40 and its two-hundred day moving average is $66.71. TotalEnergies has a fifty-two week low of $54.94 and a fifty-two week high of $74.06.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.27). The business had revenue of $54.77 billion for the quarter, compared to analysts’ expectations of $55.14 billion. TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. During the same period in the previous year, the company earned $2.97 EPS. As a group, analysts forecast that TotalEnergies will post 9.22 earnings per share for the current year.

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.