TotalEnergies’ (TTE) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of TotalEnergies (NYSE:TTE) in a research note issued to investors on Friday morning,Weiss Ratings reports.

TTE has been the topic of a number of other reports. Berenberg Bank downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a research report on Thursday, September 25th. Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. Piper Sandler reiterated a “neutral” rating and set a $69.00 price target on shares of TotalEnergies in a research note on Monday, October 20th. Finally, BNP Paribas Exane reiterated a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.20.

TotalEnergies Trading Down 0.7%

NYSE TTE opened at $62.17 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. The firm’s fifty day moving average price is $61.28 and its 200 day moving average price is $60.52. The company has a market capitalization of $149.05 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 1.50 and a beta of 0.53. TotalEnergies has a 12 month low of $52.78 and a 12 month high of $65.76.

TotalEnergies (NYSE:TTE) last posted its earnings results on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The company had revenue of $44.68 billion during the quarter, compared to analysts’ expectations of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. On average, sell-side analysts expect that TotalEnergies will post 8.02 earnings per share for the current fiscal year.

Institutional Trading of TotalEnergies

Hedge funds have recently made changes to their positions in the company. First Horizon Corp acquired a new stake in shares of TotalEnergies in the 3rd quarter worth $25,000. NewSquare Capital LLC lifted its stake in shares of TotalEnergies by 141.5% in the 2nd quarter. NewSquare Capital LLC now owns 495 shares of the company’s stock worth $30,000 after acquiring an additional 290 shares during the period. Costello Asset Management INC acquired a new stake in shares of TotalEnergies in the 1st quarter worth $32,000. Trust Co. of Toledo NA OH acquired a new stake in shares of TotalEnergies in the 2nd quarter worth $34,000. Finally, Salomon & Ludwin LLC lifted its stake in shares of TotalEnergies by 1,177.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 562 shares of the company’s stock worth $34,000 after acquiring an additional 518 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

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.