TotalEnergies (NYSE:TTE) Stock Rating Lowered by Zacks Research

TotalEnergies (NYSE:TTE) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of TotalEnergies in a research report on Thursday, February 12th. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, Scotiabank lifted their price objective on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Price Performance

TTE opened at $90.25 on Monday. The stock has a 50-day moving average price of $90.33 and a 200-day moving average price of $76.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The firm has a market cap of $216.39 billion, a PE ratio of 13.37, a P/E/G ratio of 3.25 and a beta of 0.14. TotalEnergies has a 1 year low of $57.39 and a 1 year high of $94.17.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.23. The firm had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Sell-side analysts predict that TotalEnergies will post 10.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TotalEnergies

Several large investors have recently bought and sold shares of TTE. Amundi bought a new stake in TotalEnergies in the 1st quarter worth about $18,868,822,000. Vanguard Group Inc. bought a new stake in TotalEnergies in the 4th quarter worth about $5,337,330,000. Capital International Investors increased its holdings in TotalEnergies by 1,438.5% in the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after buying an additional 49,245,192 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in TotalEnergies by 21,398.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock worth $2,641,693,000 after buying an additional 40,192,677 shares in the last quarter. Finally, Caisse Des Depots ET Consignations bought a new stake in TotalEnergies in the 4th quarter worth about $1,982,676,000. 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.