TotalEnergies (NYSE:TTE) Sees Large Volume Increase – Here’s Why

TotalEnergies SE (NYSE:TTE) shares saw an uptick in trading volume on Thursday . 2,046,812 shares traded hands during trading, an increase of 14% from the previous session’s volume of 1,795,651 shares.The stock last traded at $59.10 and had previously closed at $57.68.

Analysts Set New Price Targets

Several equities analysts have issued reports on TTE shares. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Barclays raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Piper Sandler cut their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Trading Up 2.5 %

The stock has a market capitalization of $139.64 billion, a PE ratio of 8.41, a PEG ratio of 1.96 and a beta of 0.61. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average is $57.12 and its two-hundred day moving average is $63.73.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be paid a $0.8308 dividend. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is currently 34.75%.

Hedge Funds Weigh In On TotalEnergies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mather Group LLC. raised its stake in shares of TotalEnergies by 12.4% during the third quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock valued at $85,000 after purchasing an additional 145 shares during the period. Venturi Wealth Management LLC increased its stake in TotalEnergies by 0.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock worth $1,793,000 after buying an additional 165 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in TotalEnergies by 1.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after buying an additional 169 shares in the last quarter. Tradition Wealth Management LLC boosted its position in TotalEnergies by 2.5% in the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock valued at $460,000 after buying an additional 171 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its stake in shares of TotalEnergies by 2.2% during the third quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock valued at $563,000 after acquiring an additional 181 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

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.