TotalEnergies (NYSE:TTE) Price Target Raised to $79.00 at Piper Sandler

TotalEnergies (NYSE:TTE) had its price objective raised by Piper Sandler from $75.00 to $79.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

Separately, Scotiabank raised their target price on TotalEnergies from $74.00 to $86.00 and gave the stock a sector perform rating in a research report on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, TotalEnergies has a consensus rating of Hold and a consensus price target of $70.75.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $70.95 on Thursday. The stock has a market cap of $166.85 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 1.71 and a beta of 0.72. The business has a fifty day simple moving average of $67.71 and a 200-day simple moving average of $66.78. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. TotalEnergies has a 12 month low of $54.94 and a 12 month high of $74.06.

TotalEnergies (NYSE:TTE) last issued its 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 during the quarter, compared to analyst estimates of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same period last year, the business earned $2.97 EPS. On average, sell-side analysts anticipate that TotalEnergies will post 9.41 EPS for the current fiscal year.

Insider Activity at TotalEnergies

In other news, Director Se Totalenergies acquired 196,964 shares of TotalEnergies stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the transaction, the director now owns 295,235 shares in the company, valued at $6,749,072.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Institutional Trading of TotalEnergies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. PDS Planning Inc lifted its position in shares of TotalEnergies by 2.3% in the fourth quarter. PDS Planning Inc now owns 6,839 shares of the company’s stock worth $461,000 after buying an additional 156 shares during the last quarter. IFP Advisors Inc increased its stake in shares of TotalEnergies by 10.2% in the third quarter. IFP Advisors Inc now owns 1,695 shares of the company’s stock worth $111,000 after purchasing an additional 157 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of TotalEnergies by 3.0% in the third quarter. Geneos Wealth Management Inc. now owns 5,619 shares of the company’s stock worth $370,000 after purchasing an additional 165 shares during the period. Garland Capital Management Inc. increased its stake in shares of TotalEnergies by 0.3% in the third quarter. Garland Capital Management Inc. now owns 62,402 shares of the company’s stock worth $4,104,000 after purchasing an additional 165 shares during the period. Finally, Lantz Financial LLC increased its stake in TotalEnergies by 1.3% during the third quarter. Lantz Financial LLC now owns 12,515 shares of the company’s stock valued at $823,000 after acquiring an additional 166 shares during the period. Institutional investors and hedge funds 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.