Shares of TotalEnergies SE (NYSE:TTE – Get Rating) have received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $61.86.
Several analysts recently weighed in on TTE shares. Deutsche Bank Aktiengesellschaft downgraded TotalEnergies from a “buy” rating to a “hold” rating in a research note on Wednesday, March 23rd. UBS Group upped their price target on TotalEnergies from €57.00 ($60.64) to €59.00 ($62.77) and gave the stock a “buy” rating in a research note on Friday, April 29th. Credit Suisse Group started coverage on TotalEnergies in a research note on Thursday, June 9th. They issued an “outperform” rating on the stock. Berenberg Bank upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research note on Friday, May 13th. Finally, HSBC upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research note on Thursday, April 21st.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. bought a new position in shares of TotalEnergies during the 1st quarter valued at $48,000. Vise Technologies Inc. bought a new position in shares of TotalEnergies during the 1st quarter valued at $287,000. Bank of America Corp DE raised its holdings in TotalEnergies by 38.2% in the 1st quarter. Bank of America Corp DE now owns 8,777,519 shares of the company’s stock worth $443,616,000 after purchasing an additional 2,426,252 shares during the period. Verition Fund Management LLC bought a new position in TotalEnergies in the 1st quarter worth $2,527,000. Finally, Fortitude Advisory Group L.L.C. raised its holdings in TotalEnergies by 5.9% in the 1st quarter. Fortitude Advisory Group L.L.C. now owns 5,478 shares of the company’s stock worth $278,000 after purchasing an additional 303 shares during the period. 16.60% of the stock is currently owned by hedge funds and other institutional investors.
TotalEnergies (NYSE:TTE – Get Rating) last posted its earnings results on Thursday, April 28th. The company reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.79 by $0.61. TotalEnergies had a return on equity of 20.96% and a net margin of 7.86%. The firm had revenue of $68.61 billion for the quarter. Sell-side analysts forecast that TotalEnergies will post 11.81 earnings per share for the current year.
The firm also recently disclosed a dividend, which will be paid on Thursday, July 14th. Investors of record on Friday, June 17th will be given a $0.5099 dividend. The ex-dividend date is Thursday, June 16th. This represents a yield of 3.66%. TotalEnergies’s dividend payout ratio (DPR) is presently 31.24%.
About TotalEnergies (Get Rating)
TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas, Renewables & Power segment engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services.
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