TotalEnergies (NYSE:TTE) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of TotalEnergies (NYSE:TTE) from an equal weight rating to an overweight rating in a research report released on Monday, Marketbeat Ratings reports. They currently have $60.80 price target on the stock.

TTE has been the subject of a number of other research reports. BNP Paribas upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. Scotiabank decreased their price target on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Finally, Dbs Bank upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.36.

TotalEnergies Stock Performance

Shares of TTE stock opened at $59.20 on Monday. The firm has a market capitalization of $141.94 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 0.98 and a beta of 0.58. The firm has a fifty day simple moving average of $59.77 and a two-hundred day simple moving average of $59.10. 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 has a 12 month low of $52.78 and a 12 month high of $73.86.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The business had revenue of $47.90 billion for the quarter, compared to the consensus estimate of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same quarter last year, the firm posted $2.14 EPS. Analysts forecast that TotalEnergies will post 8.02 EPS for the current fiscal year.

Hedge Funds Weigh In On TotalEnergies

A number of hedge funds and other institutional investors have recently made changes to their positions in TTE. Asset Planning Inc purchased a new position in shares of TotalEnergies in the 4th quarter worth about $31,000. Financial Management Professionals Inc. boosted its holdings in shares of TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock worth $31,000 after buying an additional 192 shares during the last quarter. Bernard Wealth Management Corp. purchased a new position in shares of TotalEnergies in the 4th quarter worth about $32,000. Inlight Wealth Management LLC purchased a new position in shares of TotalEnergies in the 1st quarter worth about $32,000. Finally, Costello Asset Management INC purchased a new position in shares of TotalEnergies in the 1st quarter worth about $32,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Company Profile

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.