TotalEnergies (NYSE:TTE) Shares Gap Up to $66.68

TotalEnergies SE (NYSE:TTE - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $66.68, but opened at $68.53. TotalEnergies shares last traded at $68.61, with a volume of 114,002 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TTE. Piper Sandler raised their price objective on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a "neutral" rating in a research note on Thursday, April 18th. 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 research note on Thursday, April 11th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $70.75.

TotalEnergies Price Performance

The stock has a market capitalization of $162.14 billion, a PE ratio of 7.75, a PEG ratio of 1.66 and a beta of 0.64. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31. The company's 50 day simple moving average is $70.62 and its 200 day simple moving average is $68.32.

TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Friday, April 26th. The company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.96 by $0.18. The firm had revenue of $56.28 billion during the quarter, compared to analysts' expectations of $59.64 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. On average, equities analysts anticipate that TotalEnergies SE will post 9.16 earnings per share for the current year.

Hedge Funds Weigh In On TotalEnergies

Hedge funds have recently made changes to their positions in the stock. Key Financial Inc boosted its holdings in shares of TotalEnergies by 139.0% in the 4th quarter. Key Financial Inc now owns 380 shares of the company's stock valued at $26,000 after purchasing an additional 221 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in shares of TotalEnergies by 310.0% in the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company's stock valued at $28,000 after purchasing an additional 310 shares during the last quarter. Evolution Advisers Inc. acquired a new position in shares of TotalEnergies in the 4th quarter valued at $29,000. Pathway Financial Advisers LLC acquired a new position in shares of TotalEnergies in the 1st quarter valued at $29,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of TotalEnergies in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 13.22% of the company's stock.

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.