TotalEnergies (NYSE:TTE) Rating Lowered to Neutral at JPMorgan Chase & Co.

TotalEnergies (NYSE:TTE) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Friday,Finviz reports.

Other equities research analysts have also issued research reports about the company. Scotiabank raised their price target on TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Berenberg Bank cut TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a research note on Thursday, September 25th. HSBC downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Monday. BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $66.96.

TotalEnergies Trading Down 0.3%

Shares of NYSE TTE opened at $66.75 on Friday. TotalEnergies has a twelve month low of $52.78 and a twelve month high of $66.92. The stock has a market cap of $160.03 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 1.43 and a beta of 0.22. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 0.42. The company’s fifty day moving average is $62.38 and its 200-day moving average is $61.66.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Monday, November 3rd. The company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.04). The firm had revenue of $87.69 billion during the quarter, compared to the consensus estimate of $43.66 billion. TotalEnergies had a net margin of 6.98% and a return on equity of 13.54%. Equities research analysts predict that TotalEnergies will post 8.02 EPS for the current year.

Institutional Trading of TotalEnergies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Innova Wealth Partners acquired a new position in TotalEnergies during the third quarter worth $249,000. Investment Research Partners LLC acquired a new stake in TotalEnergies in the 3rd quarter valued at $1,064,000. CIBC Private Wealth Group LLC lifted its position in TotalEnergies by 78.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,140 shares of the company’s stock worth $426,000 after buying an additional 3,141 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in TotalEnergies during the 3rd quarter worth about $426,000. Finally, Captrust Financial Advisors boosted its stake in shares of TotalEnergies by 2.0% during the 3rd quarter. Captrust Financial Advisors now owns 114,273 shares of the company’s stock worth $6,821,000 after buying an additional 2,293 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

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.