TotalEnergies (NYSE:TTE) PT Lowered to $80.00 at Scotiabank

TotalEnergies (NYSE:TTE) had its price objective cut by Scotiabank from $86.00 to $80.00 in a research report report published on Friday morning, Benzinga reports. They currently have a sector perform rating on the stock.

Separately, Piper Sandler raised their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the company a neutral rating in a research report on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, TotalEnergies currently has a consensus rating of Hold and an average target price of $69.25.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $69.33 on Friday. The business has a fifty day moving average price of $69.96 and a 200-day moving average price of $68.39. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market capitalization of $163.72 billion, a PE ratio of 7.83, a PEG ratio of 1.73 and a beta of 0.64. TotalEnergies has a 1-year low of $57.01 and a 1-year high of $74.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Friday, April 26th. The company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.96 by $0.18. The company had revenue of $56.28 billion for the quarter, compared to the consensus estimate of $59.64 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. As a group, equities analysts expect that TotalEnergies will post 9.16 EPS for the current fiscal year.

Institutional Investors Weigh In On TotalEnergies

Several large investors have recently bought and sold shares of the business. Allied Investment Advisors LLC grew its stake in shares of TotalEnergies by 0.4% in the second quarter. Allied Investment Advisors LLC now owns 151,351 shares of the company’s stock worth $10,092,000 after acquiring an additional 574 shares during the period. Atlas Private Wealth Advisors purchased a new stake in TotalEnergies in the second quarter worth approximately $336,000. Hexagon Capital Partners LLC boosted its stake in shares of TotalEnergies by 5.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock worth $227,000 after buying an additional 164 shares during the last quarter. Opal Wealth Advisors LLC grew its holdings in shares of TotalEnergies by 17.0% in the second quarter. Opal Wealth Advisors LLC now owns 1,285 shares of the company’s stock worth $86,000 after acquiring an additional 187 shares during the period. Finally, QRG Capital Management Inc. increased its position in TotalEnergies by 22.8% during the second quarter. QRG Capital Management Inc. now owns 158,106 shares of the company’s stock valued at $10,542,000 after acquiring an additional 29,382 shares during the last quarter. 13.22% of the stock is currently owned by institutional investors.

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.