TotalEnergies (NYSE:TTE) Trading Up 3.1% – Time to Buy?

TotalEnergies SE (NYSE:TTE)’s share price was up 3.1% during mid-day trading on Wednesday . The stock traded as high as $65.54 and last traded at $65.49. Approximately 504,550 shares changed hands during trading, a decline of 69% from the average daily volume of 1,645,889 shares. The stock had previously closed at $63.52.

Analysts Set New Price Targets

Several analysts have recently weighed in on TTE shares. Piper Sandler lowered their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Trading Up 2.8 %

The firm’s 50 day simple moving average is $60.60 and its two-hundred day simple moving average is $61.10. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a market cap of $156.53 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, equities research analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TotalEnergies

Large investors have recently added to or reduced their stakes in the stock. FSA Wealth Management LLC bought a new position in shares of TotalEnergies during the third quarter worth about $26,000. Continuum Advisory LLC grew its position in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $31,000. Bernard Wealth Management Corp. bought a new stake in shares of TotalEnergies during the fourth quarter valued at approximately $32,000. Finally, HHM Wealth Advisors LLC raised its holdings in shares of TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after buying an additional 400 shares during the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

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.