TotalEnergies Sees Unusually Large Options Volume (NYSE:TTE)

TotalEnergies SE (NYSE:TTE - Get Free Report) was the target of unusually large options trading on Thursday. Stock traders bought 5,225 call options on the stock. This represents an increase of approximately 155% compared to the typical daily volume of 2,048 call options.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TTE shares. Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Piper Sandler decreased their price target on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, Morgan Stanley restated an "equal weight" rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $72.42.

TotalEnergies Stock Performance

NYSE:TTE traded up $0.56 during midday trading on Monday, reaching $64.71. 2,031,058 shares of the company traded hands, compared to its average volume of 1,533,325. TotalEnergies has a twelve month low of $53.29 and a twelve month high of $74.97. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The company has a fifty day moving average price of $60.96 and a 200 day moving average price of $61.06. The firm has a market capitalization of $155.14 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

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TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, analysts expect that TotalEnergies will post 8.02 EPS for the current fiscal year.

Institutional Investors Weigh In On TotalEnergies

A number of hedge funds have recently made changes to their positions in the business. FSA Wealth Management LLC bought a new position in shares of TotalEnergies in the third quarter valued at approximately $26,000. Continuum Advisory LLC lifted its holdings in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock valued at $27,000 after buying an additional 183 shares during the period. Asset Planning Inc bought a new position in TotalEnergies during the fourth quarter valued at about $31,000. Bernard Wealth Management Corp. acquired a new position in TotalEnergies during the fourth quarter worth about $32,000. Finally, HHM Wealth Advisors LLC raised its position in TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock worth $36,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 16.53% 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.