Stock Traders Buy Large Volume of Call Options on TotalEnergies (NYSE:TTE)

TotalEnergies SE (NYSE:TTE) was the target of unusually large options trading on Tuesday. Stock traders acquired 8,795 call options on the stock. This is an increase of 520% compared to the average daily volume of 1,419 call options.

Wall Street Analysts Forecast Growth

TTE has been the subject of a number of recent research reports. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Scotiabank cut their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Finally, TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $74.50.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $54.32 on Wednesday. The company has a 50 day moving average of $59.94 and a 200-day moving average of $65.09. The company has a market cap of $128.27 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 1.93 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. TotalEnergies has a 1-year low of $53.29 and a 1-year high of $74.97.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be given a dividend of $0.8308 per share. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 34.75%.

Institutional Trading of TotalEnergies

Large investors have recently bought and sold shares of the business. FSA Wealth Management LLC bought a new position in shares of TotalEnergies in the 3rd quarter valued at $26,000. Continuum Advisory LLC raised its position in TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the last quarter. Larson Financial Group LLC raised its position in TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares during the last quarter. Boit C F David acquired a new stake in shares of TotalEnergies during the third quarter valued at about $32,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of TotalEnergies during the third quarter worth about $32,000. 16.53% of the stock is owned by institutional investors and hedge funds.

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.