TotalEnergies SE Sponsored ADR (NYSE:TTE) Receives $88.50 Consensus Target Price from Analysts

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) have been assigned an average recommendation of “Hold” from the nineteen research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $88.50.

A number of brokerages have recently commented on TTE. Wall Street Zen upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research note on Monday, August 31st. Mizuho assumed coverage on TotalEnergies in a report on Monday, July 20th. They issued an “outperform” rating and a $103.00 target price for the company. Zacks Research downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. TD Cowen lifted their price target on TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Morgan Stanley set a $90.00 price target on TotalEnergies and gave the stock an “equal weight” rating in a report on Thursday, September 3rd.

TotalEnergies Price Performance

Shares of TTE opened at $91.80 on Friday. The firm has a market capitalization of $220.11 billion, a PE ratio of 11.49, a PEG ratio of 3.11 and a beta of 0.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85. The company’s 50-day moving average is $86.02 and its 200-day moving average is $86.38. TotalEnergies has a fifty-two week low of $57.39 and a fifty-two week high of $94.17.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. The business had revenue of $57.10 billion for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. Equities analysts forecast that TotalEnergies will post 11.04 EPS for the current year.

Institutional Trading of TotalEnergies

A number of large investors have recently bought and sold shares of the business. Robinswood Financial LLC acquired a new stake in TotalEnergies in the 1st quarter valued at $27,000. Pin Oak Investment Advisors Inc. bought a new stake in TotalEnergies in the 2nd quarter worth about $30,000. Elyxium Wealth LLC bought a new position in TotalEnergies in the 4th quarter valued at $33,000. SHP Wealth Management bought a new position in shares of TotalEnergies during the 4th quarter valued at approximately $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in TotalEnergies in the 4th quarter worth about $38,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

About TotalEnergies

TotalEnergies SE (NYSE:TTE) is a French multinational energy company engaged in the production, processing and distribution of energy. Its operations span oil and natural gas exploration and production, liquefied natural gas, refining, petrochemicals, fuels, lubricants and other petroleum products.

The company is also expanding its electricity and renewable energy businesses, including solar and wind power, battery storage and electric-vehicle charging services. TotalEnergies serves customers across international markets through activities covering the energy supply chain, from upstream production to transportation, refining, marketing and power generation.

Founded in 1924 as Compagnie française des pétroles, the company operated under the Total name for many years before adopting the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.