TotalEnergies (NYSE:TTE) Upgraded to “Hold” at Kepler Capital Markets

TotalEnergies (NYSE:TTE) was upgraded by equities researchers at Kepler Capital Markets from a “reduce” rating to a “hold” rating in a research report issued on Thursday, MarketBeat reports.

A number of other equities research analysts also recently weighed in on TTE. Citigroup reiterated a “buy” rating on shares of TotalEnergies in a research report on Thursday, February 12th. Zacks Research upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TotalEnergies in a report on Wednesday, January 21st. Piper Sandler upped their price target on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Finally, TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.97.

TotalEnergies Stock Up 1.3%

Shares of TTE opened at $89.48 on Thursday. TotalEnergies has a 52 week low of $56.31 and a 52 week high of $93.49. The firm has a market cap of $214.54 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 3.81 and a beta of 0.13. The firm’s 50-day simple moving average is $84.83 and its 200 day simple moving average is $72.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 0.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.01. TotalEnergies had a net margin of 6.52% and a return on equity of 13.14%. The business had revenue of $45.93 billion for the quarter, compared to analyst estimates of $36.69 billion. On average, analysts forecast that TotalEnergies will post 8.71 earnings per share for the current year.

Institutional Trading of TotalEnergies

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. bought a new position in TotalEnergies in the 4th quarter valued at approximately $5,337,330,000. Capital International Investors lifted its stake in TotalEnergies by 1,438.5% in the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after purchasing an additional 49,245,192 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake 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 valued at $2,641,693,000 after purchasing an additional 40,192,677 shares during the last quarter. Caisse Des Depots ET Consignations bought a new position in TotalEnergies in the 4th quarter valued at approximately $1,982,676,000. Finally, Norges Bank bought a new position in TotalEnergies in the 4th quarter valued at approximately $1,917,626,000. Institutional investors own 16.53% of the company’s stock.

About TotalEnergies

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.