Investors Purchase Large Volume of Call Options on TotalEnergies (NYSE:TTE)

TotalEnergies SE (NYSE:TTE) was the recipient of unusually large options trading on Thursday. Stock traders purchased 5,225 call options on the company. This represents an increase of 155% compared to the average volume of 2,048 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in TotalEnergies by 121.1% in the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company’s stock worth $416,828,000 after purchasing an additional 4,189,652 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of TotalEnergies in the 4th quarter worth about $156,044,000. Franklin Resources Inc. increased its holdings in shares of TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after buying an additional 1,672,387 shares during the last quarter. Northern Trust Corp raised its position in shares of TotalEnergies by 41.7% during the 4th quarter. Northern Trust Corp now owns 1,783,017 shares of the company’s stock valued at $97,174,000 after buying an additional 524,314 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of TotalEnergies by 295.3% in the 4th quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company’s stock valued at $37,577,000 after acquiring an additional 515,088 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Piper Sandler reduced 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. Six analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Performance

NYSE:TTE opened at $65.19 on Friday. The stock has a 50-day moving average price of $60.87 and a 200 day moving average price of $61.15. The stock has a market capitalization of $156.31 billion, a P/E ratio of 9.79, a P/E/G ratio of 0.98 and a beta of 0.56. TotalEnergies has a 12-month low of $53.29 and a 12-month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that TotalEnergies will post 8.02 EPS for the current fiscal year.

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.