Investors Purchase High Volume of Call Options on TotalEnergies (NYSE:TTE)

TotalEnergies SE (NYSE:TTE) was the recipient of some unusual options trading activity on Tuesday. Investors bought 8,795 call options on the company. This is an increase of approximately 520% compared to the average daily volume of 1,419 call options.

Hedge Funds Weigh In On TotalEnergies

A number of hedge funds have recently added to or reduced their stakes in TTE. Nisa Investment Advisors LLC bought a new position in shares of TotalEnergies during the 2nd quarter worth $74,000. Bank of New York Mellon Corp raised its holdings in shares of TotalEnergies by 4.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 587,457 shares of the company’s stock valued at $39,172,000 after purchasing an additional 23,243 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of TotalEnergies by 30.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 54,971 shares of the company’s stock valued at $3,666,000 after purchasing an additional 12,707 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of TotalEnergies in the 2nd quarter worth approximately $418,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in shares of TotalEnergies during the second quarter valued at approximately $225,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Trading Up 0.3 %

Shares of TTE traded up $0.16 during trading hours on Tuesday, reaching $54.42. 599,449 shares of the company traded hands, compared to its average volume of 1,558,425. The stock’s fifty day moving average price is $59.94 and its 200 day moving average price is $65.09. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The firm has a market cap of $128.51 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 1.93 and a beta of 0.61. TotalEnergies has a 12-month low of $53.29 and a 12-month high of $74.97.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be given a $0.8308 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is 34.75%.

Wall Street Analyst Weigh In

TTE has been the subject of a number of recent research reports. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Scotiabank cut their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Finally, Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.50.

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.