TotalEnergies SE Sponsored ADR (NYSE:TTE) Receives Average Rating of “Moderate Buy” from Analysts

TotalEnergies SE Sponsored ADR (NYSE:TTE) has been assigned a consensus rating of “Moderate Buy” from the nineteen brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $87.1429.

Several research analysts have recently weighed in on TTE shares. Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Mizuho initiated coverage on shares of TotalEnergies in a research note on Monday, July 20th. They issued an “outperform” rating and a $103.00 target price for the company. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Finally, Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Robinswood Financial LLC acquired a new position in TotalEnergies during the 1st quarter worth approximately $27,000. Elyxium Wealth LLC bought a new stake in shares of TotalEnergies in the fourth quarter worth $33,000. SHP Wealth Management bought a new stake in shares of TotalEnergies in the fourth quarter worth $37,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in TotalEnergies during the fourth quarter worth $38,000. Finally, Maseco LLP grew its position in TotalEnergies by 119.9% in the first quarter. Maseco LLP now owns 420 shares of the company’s stock valued at $38,000 after purchasing an additional 229 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Trading Up 2.3%

NYSE:TTE opened at $87.84 on Tuesday. 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 business’s 50-day simple moving average is $83.06 and its 200-day simple moving average is $83.88. TotalEnergies has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The stock has a market capitalization of $210.61 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 3.04 and a beta of 0.13.

TotalEnergies (NYSE:TTE) last posted its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. The business had revenue of $57.10 billion during the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. Sell-side analysts expect that TotalEnergies will post 10.62 earnings per share for the current fiscal year.

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.