TotalEnergies Target of Unusually Large Options Trading (NYSE:TTE)

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TTE shares. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Scotiabank reduced their price objective 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. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Five investment 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $74.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. boosted its holdings in shares of TotalEnergies by 62.7% in the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after acquiring an additional 1,546,866 shares during the period. Barclays PLC lifted its holdings in TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after purchasing an additional 490,187 shares in the last quarter. International Assets Investment Management LLC boosted its stake in TotalEnergies by 6,367.4% in the 3rd quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock worth $23,755,000 after purchasing an additional 361,923 shares during the period. FMR LLC grew its holdings in TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after buying an additional 324,033 shares in the last quarter. Finally, DRW Securities LLC increased its position in shares of TotalEnergies by 134.5% during the third quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock valued at $4,149,000 after buying an additional 250,427 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 0.1 %

Shares of TTE opened at $54.32 on Thursday. TotalEnergies has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The business has a 50-day moving average of $59.53 and a 200 day moving average of $64.91. The firm has a market cap of $128.27 billion, a P/E ratio of 7.70, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies Cuts Dividend

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

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.