TotalEnergies SE (NYSE:TTE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

TotalEnergies SE (NYSE:TTE) has been given an average rating of “Moderate Buy” by the twelve analysts that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $72.42.

A number of equities analysts recently commented on TTE shares. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Piper Sandler cut their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th.

Hedge Funds Weigh In On TotalEnergies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in shares of TotalEnergies by 121.1% in the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company’s stock worth $416,828,000 after purchasing an additional 4,189,652 shares during the period. Raymond James Financial Inc. bought a new position in TotalEnergies in the fourth quarter worth about $156,044,000. Franklin Resources Inc. lifted its holdings in TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after buying an additional 1,672,387 shares during the period. Northern Trust Corp boosted its position in TotalEnergies by 41.7% during the 4th quarter. Northern Trust Corp now owns 1,783,017 shares of the company’s stock valued at $97,174,000 after acquiring an additional 524,314 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in TotalEnergies by 295.3% during the 4th quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company’s stock valued at $37,577,000 after acquiring an additional 515,088 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $65.19 on Friday. The stock’s 50-day moving average is $60.87 and its 200 day moving average is $61.15. The stock has a market cap of $156.31 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 0.98 and a beta of 0.56. TotalEnergies has a 1-year low of $53.29 and a 1-year high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, sell-side analysts anticipate that TotalEnergies will post 8.02 EPS for the current fiscal year.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.