TotalEnergies (NYSE:TTE) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of TotalEnergies (NYSE:TTE) to a hold rating in a research report released on Saturday morning.

Several other research analysts have also commented on the company. Hsbc Global Res lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. BNP Paribas Exane restated a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, January 6th. Royal Bank Of Canada restated an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. Finally, Piper Sandler increased their target price on TotalEnergies from $70.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $68.36.

TotalEnergies Stock Up 0.9%

Shares of TotalEnergies stock opened at $66.23 on Friday. TotalEnergies has a 52-week low of $52.78 and a 52-week high of $67.14. The company has a 50 day moving average of $65.19 and a 200 day moving average of $62.72. 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 has a market capitalization of $158.80 billion, a P/E ratio of 10.70, a P/E/G ratio of 3.73 and a beta of 0.22.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. First Horizon Corp acquired a new stake in TotalEnergies during the third quarter valued at approximately $25,000. Grey Fox Wealth Advisors LLC purchased a new position in TotalEnergies in the third quarter valued at about $29,000. NewSquare Capital LLC raised its holdings in TotalEnergies by 141.5% during the second quarter. NewSquare Capital LLC now owns 495 shares of the company’s stock valued at $30,000 after buying an additional 290 shares in the last quarter. Lodestone Wealth Management LLC acquired a new position in TotalEnergies during the fourth quarter valued at approximately $32,000. Finally, Trust Co. of Toledo NA OH bought a new position in shares of TotalEnergies in the second quarter valued at approximately $34,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Company Profile

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.