Analysts Set TotalEnergies SE Sponsored ADR (NYSE:TTE) PT at $66.96

TotalEnergies SE Sponsored ADR (NYSE:TTE) has been given an average rating of “Hold” by the fifteen brokerages that are presently covering the firm, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $66.96.

TTE has been the topic of several recent analyst reports. Berenberg Bank cut shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a report on Thursday, September 25th. Scotiabank raised their target price on shares of TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. BNP Paribas Exane reiterated a “neutral” rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Dbs Bank lowered shares of TotalEnergies from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 6th. Finally, Loop Capital set a $73.00 price objective on TotalEnergies in a research report on Monday, November 3rd.

Institutional Investors Weigh In On TotalEnergies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC bought a new stake in shares of TotalEnergies during the 1st quarter valued at $477,000. Ieq Capital LLC lifted its position in TotalEnergies by 34.6% during the 1st quarter. Ieq Capital LLC now owns 10,116 shares of the company’s stock valued at $654,000 after acquiring an additional 2,602 shares during the period. Pinnacle Wealth Planning Services Inc. purchased a new position in TotalEnergies during the 1st quarter valued at about $226,000. Baird Financial Group Inc. boosted its stake in TotalEnergies by 46.8% during the first quarter. Baird Financial Group Inc. now owns 82,636 shares of the company’s stock worth $5,346,000 after acquiring an additional 26,336 shares in the last quarter. Finally, MAI Capital Management grew its holdings in TotalEnergies by 20.2% in the first quarter. MAI Capital Management now owns 5,580 shares of the company’s stock worth $361,000 after purchasing an additional 939 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 0.2%

NYSE TTE opened at $66.03 on Friday. TotalEnergies has a 1 year low of $52.78 and a 1 year high of $66.92. The stock has a market capitalization of $158.31 billion, a PE ratio of 10.67, a PEG ratio of 3.49 and a beta of 0.22. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.01 and a quick ratio of 0.82. The business’s 50-day moving average is $64.36 and its 200 day moving average is $62.43.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Monday, November 3rd. The company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.04). TotalEnergies had a return on equity of 13.54% and a net margin of 6.98%.The business had revenue of $87.69 billion during the quarter, compared to analysts’ expectations of $43.66 billion. Sell-side analysts forecast that TotalEnergies will post 8.02 earnings per share for the current 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.