TotalEnergies (NYSE:TTE) Trading Down 0%

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

Analyst Ratings Changes

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

TotalEnergies Trading Up 1.4 %

The stock has a market capitalization of $173.46 billion, a P/E ratio of 8.39, a price-to-earnings-growth ratio of 1.64 and a beta of 0.72. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $68.36 and a 200 day moving average price of $67.05.

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). TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. The company had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. During the same period in the previous year, the firm posted $2.97 earnings per share. On average, research analysts forecast that TotalEnergies SE will post 9.32 earnings per share for the current fiscal year.

Insider Activity at TotalEnergies

In other TotalEnergies news, Director Se Totalenergies bought 196,964 shares of TotalEnergies stock in a transaction that occurred on Thursday, March 28th. The shares were bought at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the transaction, the director now directly owns 295,235 shares of the company’s stock, valued at approximately $6,749,072.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Fisher Asset Management LLC increased its position in 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 buying an additional 419,487 shares in the last quarter. FMR LLC increased its holdings in shares of TotalEnergies by 0.4% in the third quarter. FMR LLC now owns 12,364,753 shares of the company’s stock valued at $813,106,000 after purchasing an additional 52,562 shares during the period. Wells Fargo & Company MN increased its holdings in shares of TotalEnergies by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,920,067 shares of the company’s stock valued at $466,274,000 after purchasing an additional 70,394 shares during the period. Capital International Investors increased its holdings in shares of TotalEnergies by 1.8% in the fourth quarter. Capital International Investors now owns 4,758,038 shares of the company’s stock valued at $318,408,000 after purchasing an additional 85,969 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of TotalEnergies by 3.7% in the third quarter. Ameriprise Financial Inc. now owns 3,648,282 shares of the company’s stock valued at $241,480,000 after purchasing an additional 129,960 shares during the period. 13.22% of the stock is owned by institutional investors and hedge funds.

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.