TotalEnergies (NYSE:TTE) Raised to “Buy” at Wall Street Zen

TotalEnergies (NYSE:TTE) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other analysts have also issued reports on the company. Weiss Ratings upgraded TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Scotiabank boosted their price objective on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Mizuho began coverage on shares of TotalEnergies in a report on Monday, July 20th. They set an “outperform” rating and a $103.00 price objective on the stock. Finally, Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Eleven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.14.

TotalEnergies Stock Down 0.2%

TotalEnergies stock opened at $88.16 on Friday. The firm has a 50 day moving average price of $82.92 and a 200-day moving average price of $84.42. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. TotalEnergies has a twelve month low of $57.39 and a twelve month high of $94.17. The company has a market capitalization of $211.38 billion, a P/E ratio of 11.03, a P/E/G ratio of 3.12 and a beta of 0.13.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The company had revenue of $57.10 billion for the quarter. As a group, equities analysts predict that TotalEnergies will post 10.65 EPS for the current year.

Hedge Funds Weigh In On TotalEnergies

A number of hedge funds and other institutional investors have recently bought and sold shares of TTE. AQR Capital Management LLC grew its position in TotalEnergies by 151.0% in the first quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock worth $4,364,000 after acquiring an additional 40,586 shares in the last quarter. Empowered Funds LLC increased its stake in TotalEnergies by 2.1% in the first quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock valued at $2,652,000 after acquiring an additional 835 shares during the last quarter. Sivia Capital Partners LLC raised its position in TotalEnergies by 17.7% during the second quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock valued at $315,000 after purchasing an additional 774 shares in the last quarter. Russell Investments Group Ltd. raised its position in TotalEnergies by 14.9% during the second quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock valued at $1,490,000 after purchasing an additional 3,151 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in TotalEnergies by 7.3% during the second quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock worth $12,168,000 after purchasing an additional 13,536 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

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.