TotalEnergies (NYSE:TTE) Sets New 52-Week High – Here’s What Happened

TotalEnergies SE Sponsored ADR (NYSE:TTE)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $94.17 and last traded at $93.8940, with a volume of 493065 shares. The stock had previously closed at $92.28.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wolfe Research restated an “outperform” rating and issued a $83.00 target price on shares of TotalEnergies in a report on Wednesday, January 21st. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Freedom Capital cut shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 13th. Piper Sandler raised their target price on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Finally, Wall Street Zen raised TotalEnergies from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Stock Performance

The company has a 50-day simple moving average of $88.67 and a two-hundred day simple moving average of $75.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The firm has a market capitalization of $223.61 billion, a P/E ratio of 13.82, a PEG ratio of 3.28 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The business had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. As a group, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 10.59 EPS for the current year.

Institutional Trading of TotalEnergies

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in TotalEnergies by 151.0% in the 1st quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock worth $4,364,000 after purchasing an additional 40,586 shares in the last quarter. Empowered Funds LLC lifted its position in TotalEnergies by 2.1% in the 1st quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock valued at $2,652,000 after acquiring an additional 835 shares in the last quarter. Sivia Capital Partners LLC lifted its position in TotalEnergies by 17.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock valued at $315,000 after acquiring an additional 774 shares in the last quarter. Russell Investments Group Ltd. lifted its position in TotalEnergies by 14.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock valued at $1,490,000 after acquiring an additional 3,151 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in TotalEnergies by 7.3% during the 2nd quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock valued at $12,168,000 after acquiring an additional 13,536 shares during the period. 16.53% of the stock is owned by institutional investors.

TotalEnergies Company Profile

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.