Analysts Set TotalEnergies SE (NYSE:TTE) Price Target at $69.75

Shares of TotalEnergies SE (NYSE:TTE) have received a consensus rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation. The average 12-month price target among analysts that have issued a report on the stock in the last year is $70.75.

TTE has been the subject of several recent research reports. Piper Sandler increased their price objective on TotalEnergies from $75.00 to $79.00 and gave the stock 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 stock a “sector perform” rating in a report on Thursday, April 11th.

TotalEnergies Price Performance

TTE stock opened at $70.95 on Friday. The firm has a 50-day moving average of $67.71 and a two-hundred day moving average of $66.78. The firm has a market capitalization of $166.85 billion, a PE ratio of 8.18, a P/E/G ratio of 1.71 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. TotalEnergies has a one year low of $54.94 and a one year high of $74.06.

TotalEnergies (NYSE:TTE) last issued 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 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 analysts’ expectations of $55.14 billion. During the same quarter last year, the company posted $2.97 EPS. On average, analysts forecast that TotalEnergies will post 9.41 earnings per share for the current year.

Insider Activity

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

Institutional Trading of TotalEnergies

Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new stake in TotalEnergies in the 1st quarter valued at $98,000. Panagora Asset Management Inc. bought a new stake in TotalEnergies in the first quarter valued at approximately $339,000. BlackRock Inc. boosted its holdings in shares of TotalEnergies by 6.8% during the first 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 period. Sei Investments Co. grew its position in shares of TotalEnergies by 2.8% in the first quarter. Sei Investments Co. now owns 438,146 shares of the company’s stock valued at $22,140,000 after purchasing an additional 11,884 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of TotalEnergies by 18.3% during the first quarter. Cetera Investment Advisers now owns 70,526 shares of the company’s stock worth $3,564,000 after purchasing an additional 10,931 shares during the period. 13.22% of the stock is owned by 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.