Scotiabank Trims TotalEnergies (NYSE:TTE) Target Price to $80.00

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

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

TotalEnergies Trading Up 1.3 %

TTE opened at $69.33 on Friday. The company has a market cap of $163.72 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 1.73 and a beta of 0.64. The company has a fifty day moving average price of $69.96 and a two-hundred day moving average price of $68.39. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31. TotalEnergies has a 1-year low of $57.01 and a 1-year high of $74.97.

TotalEnergies (NYSE:TTE) last issued its earnings results on Friday, April 26th. The company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.18. The business had revenue of $56.28 billion during the quarter, compared to analyst estimates of $59.64 billion. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. Analysts predict that TotalEnergies will post 9.16 EPS for the current fiscal year.

Institutional Investors Weigh In On TotalEnergies

A number of institutional investors and hedge funds have recently bought and sold shares of TTE. Key Financial Inc grew its stake in shares of TotalEnergies by 139.0% in the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after acquiring an additional 221 shares in the last quarter. North Star Investment Management Corp. grew its position in TotalEnergies by 310.0% in the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after purchasing an additional 310 shares in the last quarter. Evolution Advisers Inc. purchased a new stake in TotalEnergies in the 4th quarter valued at about $29,000. Pathway Financial Advisers LLC bought a new position in shares of TotalEnergies during the 1st quarter worth approximately $29,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of TotalEnergies in the 4th quarter worth approximately $30,000. 13.22% of the stock is owned by hedge funds and other 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.