TotalEnergies (NYSE:TTE) Shares Up 3.1% - Here's What Happened

TotalEnergies SE (NYSE:TTE - Get Free Report) shares rose 3.1% during mid-day trading on Wednesday . The company traded as high as $65.54 and last traded at $65.49. Approximately 504,550 shares were traded during trading, a decline of 69% from the average daily volume of 1,645,889 shares. The stock had previously closed at $63.52.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday. Morgan Stanley restated an "equal weight" rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Piper Sandler dropped their price target on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Finally, Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $72.42.

TotalEnergies Trading Down 1.4 %

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a fifty day moving average of $60.96 and a 200-day moving average of $61.10. The company has a market cap of $154.11 billion, a PE ratio of 9.65, a PEG ratio of 0.98 and a beta of 0.56.

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TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS 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%. Sell-side analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Institutional Trading of TotalEnergies

Large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in TotalEnergies by 1.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,410 shares of the company's stock worth $2,911,000 after purchasing an additional 832 shares during the period. Anchor Pointe Wealth Management LLC purchased a new position in shares of TotalEnergies during the fourth quarter valued at $200,000. Brucke Financial Inc. bought a new stake in shares of TotalEnergies in the fourth quarter valued at about $253,000. Jefferies Financial Group Inc. purchased a new stake in TotalEnergies in the fourth quarter worth about $257,000. Finally, Bernard Wealth Management Corp. bought a new position in TotalEnergies during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 16.53% 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.