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

Shares of TotalEnergies SE (NYSE:TTE) have earned a consensus rating of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is $69.75.

A number of equities research analysts have weighed in on TTE shares. Piper Sandler cut their target price on TotalEnergies from $76.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Scotiabank upped 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.

TotalEnergies Stock Performance

Shares of TTE stock opened at $71.74 on Friday. TotalEnergies has a 12-month low of $54.94 and a 12-month high of $74.06. The firm has a market capitalization of $168.71 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 1.76 and a beta of 0.72. The business has a 50 day simple moving average of $67.40 and a 200 day simple moving average of $66.71. 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 (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. The business had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. During the same period last year, the company earned $2.97 earnings per share. On average, equities research analysts anticipate that TotalEnergies will post 9.22 EPS for the current year.

Insider Activity

In other TotalEnergies news, Director Se Totalenergies bought 196,964 shares of TotalEnergies stock in a transaction dated Thursday, March 28th. The stock was bought at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the acquisition, the director now directly owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Trading of TotalEnergies

A number of hedge funds have recently modified their holdings of the business. Key Financial Inc raised its holdings in shares of TotalEnergies by 139.0% during the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after acquiring an additional 221 shares in the last quarter. Evolution Advisers Inc. bought a new position in shares of TotalEnergies in the fourth quarter worth about $29,000. Frazier Financial Advisors LLC bought a new position in shares of TotalEnergies in the fourth quarter worth about $30,000. Arlington Trust Co LLC bought a new position in shares of TotalEnergies in the third quarter worth about $31,000. Finally, Motco increased its stake in shares of TotalEnergies by 216.2% in the third quarter. Motco now owns 468 shares of the company’s stock worth $31,000 after purchasing an additional 320 shares during the period. Hedge funds and other institutional investors 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.